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”.
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Laura Dew
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