Synergy Capital Management managing director Tim O’Neill has stepped down from the daily management of the business to take on greater strategic role as a di-rector of both the Synergy master trust and the Garrisons financial planning busi-ness.
Synergy Capital Management managing director Tim O’Neill has stepped down from the daily management of the business to take on greater strategic role as a di-rector of both the Synergy master trust and the Garrisons financial planning busi-ness.
O’Neill will be replaced by current Shadforths managing director Simon Gillies.
The move follows the purchase of both the Garrisons and Synergy operations by Challenger International last year. The purchase price for Garrisons was $8.7 mil-lion and the management rights for its Synergy Master Trusts went for $28.25 mil-lion.
Gillies will be responsible for marketing products to franchises and strategic rela-tionships as well as overseeing the Garrisons research team. He will report to Gar-rison managing director John Sikkema.
Gillies says Synergy has $700 million in funds under management and 1150 in-vestor members.
Gillies joins Synergy after 15 years at Shadforths which he originally joined as a director and investment adviser in 1985. During his time with the stock broking firm he was also equities director. At the time of leaving, he was chairman of the research committee and director of research.
