Former AMP advice MD joins Pengana distribution team
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.
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Rhea Nath
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