Former AMP advice MD joins Pengana distribution team

Pengana/AMP-advice/distribution/

1 March 2023
| By Rhea Nath |
image
image image
expand image

Fraser Herd, former managing director of employed advice at AMP, has been appointed distribution manager at Pengana Capital for the NSW region.

In this role, the experienced investment banking professional would work closely with high-net-worth (HNW) advisory firms and private banks. 

Prior to joining the diversified funds management group, he had been at AMP for over two years.

Herd’s vast experience would also include director of private banking at Credit Suisse, director of private wealth at Westpac, and associate director at Macquarie Funds Group.

“Fraser brings impressive credentials and a strong network to our distribution team,” noted Russel Pillemer, Pengana chief executive.

“There are many advisers to high-net-worth, sophisticated investors looking for quality, niche investment solutions to add to their clients’ portfolios.

“They want something different from the run-of-the-mill, and Pengana has a track record of innovating and bringing unique investment opportunities in areas such as ESG and private equity.”

As distribution manager, Herd would also be responsible for connecting advisers with Pengana’s newly launched capital markets division as a point of contact to provide bespoke investment opportunities in the private markets.

This new division had been announced mid-Feb 2023 and would be led by Phil Schofield, a former head of equities at Goldman Sachs Australia.  
 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND