30 March 2015
Bennelong Australian Equity Partners’ (BAEP) CEO, Paul Cuddy, has today announced his retirement from the business. Paul will retire from the industry to spend more time with his young family and officially departs BAEP at the end of August 2015. He leaves the business in a strong position with over $4.8 billion in funds under management across the team’s three strategies.
Mark East’s role as CIO will remain unchanged; he will continue to lead portfolio construction and investment strategy, supported by BAEP’s experienced team of Senior Investment Analysts and Strategists. In response to the evolving needs of the business, Paul’s role as CEO will be restructured and transitioned to Keith Hwang, Director Quantitative Research and one of the founding team members, and newly appointed Investment Director, Julian Beaumont.
Julian joins BAEP from Investors Mutual where he has worked for the last seven years, most recently as a Portfolio Manager of the Future Leaders and Industrial Share Funds. Prior to this, Julian worked in London at international investment firm Montpelier Group, where he helped establish several new funds and went on to manage a global equities hedge fund.
Craig Bingham, Director of BAEP and CEO of Bennelong Funds Management, has thanked Paul for his invaluable contribution to what has grown to become one of the industry’s boutique success stories. “BAEP’s achievements are to be commended, having built a strong track record and reputation in the industry. We extend our sincere thanks to Paul for his role in building the BAEP business and brand in both the retail and institutional markets.”
Whilst there is a touch of nostalgia in leaving the business that has been his focus for the last seven years, Paul Cuddy said he knows he is leaving the business in a strong position. “I have thoroughly enjoyed my time at BAEP working with such talented and experienced professionals. However, my role in building the investment process, team and client channels is effectively complete. I sincerely wish the team all the best for future growth and success,” Paul said.
Paul will work with the business over the next five months to ensure a smooth transition into the new team structure.