Promina-owned fund managerTyndall Investment Managementhas created its own marketing division which will now be directly responsible for marketing services and sales.
Previously other groups within Promina were responsible for these marketing activities.
On the move, Tyndall chief executive Michael Good says, “We felt that we needed more ownership both in the direction of marketing our products and focus on our products.”
Phil Galagher, who was a general manager atCommonwealth Funds ManagementandIOOFamong other organizations before joiningRoyal & SunAlliance/Promina in 2000, will head up the new division.
The team will also include former Tyndall analyst Maria Pavlellis as manager, market analysis, and Broderick MacPhail, who has joined Tyndall as national retail business development manager fromChallenger Internationalwhere he was business development manager for managed investments.
Tyndall will also soon add an institutional business development manager who will focus on fund trustees, while Galagher and Good will manage the relationship with asset consultants.
“Our investment performance has been exceptionally good, but the parent ownership issue has been overhanging us for the last 12 months and what we want is to get on the front foot and get more funds under management, so it is really just getting that message out to the market,” Good says.
Tyndall toppedIntechFinancial Services’ list of Australian share managers for 2002, returning 6.9 per cent for the year.
More recentlyInvestorWebupgraded Tyndall’s manager rating in its Australian Shares Fund Sector Review from ‘buy’ to ‘strong buy’.
