6 July 2011
Bennelong Funds Management has secured the services of industry veteran Roger Phipps as Director - Distribution, expanding the distribution footprint for its growing suite of asset managers. Roger joins senior peers Adam Tweedale and Tim Bolger in the distribution team and will be based in Bennelong's Melbourne office.
Roger has held a number of senior distribution roles with a variety of organisations in his long financial services career, including MAB Funds Management, Legg Mason Asset Management and HSBC Asset Management.
The Group also announced the promotion of Andrew Aitken to the role of Head of Distribution. "As a product of our growth, Andrew has rightly assumed responsibility for distribution across all channels," said Jarrod Brown, Bennelong Funds Management's Chief Executive Officer. "He has been performing this function exceptionally for some time, but we felt it important to both formalise the position and recognise his contribution to our continued growth and success."
The recent addition of Avoca Investment Management, together with the success of Bennelong Australian Equity Partners and Bennelong Long Short Equity Management, has driven the need to expand the Group's distribution team.
"We're excited about the momentum being generated across our suite of capabilities. Roger's appointment is a product of this momentum and the need to communicate with an increasingly diverse relationship base," said Jarrod. "Roger's extensive experience across both retail and institutional value chains will be extremely valuable for our business and each of the asset management teams."