IML retail head joins Wheelhouse
Former Investors Mutual head of retail, Wayne McGauley, has joined specialist income manager Wheelhouse Partners.
McGauley would join the firm in October as head of distribution and be based in Brisbane.
The newly-created role would see him driving the growth of Wheelhouse’s global and Australian equity capabilities, focusing on key accounts, research relationships, asset consultants, independent financial advisers and private wealth.
He previously worked as head of retail at Investors Mutual for 13 years where he was responsible for setting and executing the firm’s retail strategy, and had 25 years’ experience in the industry.
Alastair Macleod, Wheelhouse managing director and portfolio manager, said, ”Wayne’s appointment is a significant milestone in Wheelhouse’s journey as a truly independent asset manager. He brings tremendous wealth experience, knowledge and investor understanding, and we’re thrilled to be working with him as we continue to grow and expand”.
McGauley said: “Having spent 25 years in distribution I understand clearly the needs of retail investors and I am confident in Wheelhouse’s capabilities to deliver consistent and growing income over time, through a systematic process that consistently prioritises risk management. ‘No surprises’ is key for me when it comes to investment returns and I share Wheelhouse’s intense focus on delivering reliable investor outcomes”.
AUTHOR
Laura Dew
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
