Clime IM appoints 2 to business
Clime Investment Management has appointed two to its operations team, focusing on managed funds.
Matt Deane joins Clime as operations manager for managed funds and market assets. He joins from Fidelity where he was the senior operations manager for ETFs for almost four years and previously worked at multi-asset brokerage Invast Global.
His role at Clime will focus on the design, operation and delivery of our market-linked assets, such as separately managed accounts (SMAs), managed funds and new offerings.
The second appointment is of Anshul Thapar who has been appointed as operations manager for off-market and direct assets. He previously spent two years at margin lender Leveraged Equities and two years at Ord Minnett.
Thapar will focus on the group’s individually managed accounts (IMAs), credit and wholesale investment offerings.
Managing director, Michael Baragwanath, said: “We are thrilled to welcome Matt and Anshul to the Clime team. Their combined expertise and leadership will be pivotal as we focus on our core business – funds management and uncovering the opportunities that our high-value clients expect from us.”
There have been a series of people moves at Clime in recent months.
In October, the firm said it had received resignations from non-executive directors Andrew Coleman, Claire Bibby and Susan Wynne, effective from 16 October. Wynne joined in September 2021, Bibby joined in October 2021, and Coleman, who is the chief executive of Teaminvest Private Group (TIP), joined in January 2024 after Clime entered into a strategic alliance with TIP.
Subsequently, Clime made four new appointments which it said would “strengthen its leadership team and enhance value for clients and shareholders” amid a period of heavy cost-cutting.
Current chief investment officer, Will Riggall, joined the board as a non-executive director, while tax lawyer Henry Davis was appointed as a non-executive director.
It also appointed a financial adviser, Matt Rencken, who stepped up to manage the private client team as well as established a new wholesale distribution and key accounts team. Finally, lawyer Angela (Xun) Wang was appointed as joint company secretary and would work on Clime’s governance and operations.
Baragwanath said: “Over the past six months, we have methodically reviewed every expense line to ensure our costs align with our core business. While there is still work to be done, the majority of these savings are being reinvested into improved systems and frontline staff.”
AUTHOR
Laura Dew
Recommended for you
The global asset manager’s latest ETF has launched in response to rising adviser and investor demand for actively managed fixed income products.
The acquisition of Evidentia Group by GDG shows how valuable the role and personal relationship with a managed account consultant has become to the financial advice industry, says IMAP’s Toby Potter.
January saw $4.6 billion in inflows into ETFs, according to Betashares, with four Australian funds seeing the largest monthly inflows.
JPMAM has appointed an Australian HNW client adviser to drive the momentum of its HNW channel, who previously served as Netwealth’s head of investment solutions.
