Hughes joins Ord Minnett
Ord Minnett has appointed Michael Hughes as head of corporate finance. Hughes will assume the role in June 2010 and will be responsible for Ord Minnett’s corporate finance division, which encompasses all syndicated and originated equity capital market transactions. He will report to the firm’s chief executive, Tim Gunning.
Hughes comes from AMP Capital Investors (AMPCI) where he has been senior portfolio manager of the Small Companies Fund since August 2007. Before that he was senior portfolio manager of AMP’s Capital Value Plus Fund, and he has also held roles at 452 Capital and Westpac Corporate Banking.
Following the announcement of his departure from AMPCI, the Small Companies Fund was assigned a ‘sell’ rating by Standard & Poor’s due to the uncertainty that now surrounds the future of an Australian equity small cap strategy at the firm. The ratings agency added that AMPCI had expressed its intention to focus its research efforts on managing large-cap equities, and that the transition arrangements for the AMP capital Small Companies Fund had yet to be decided.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
