MLC expands PE team

MLC Asset Management Rachael Lockyer mlc private equity

25 May 2021
| By Chris Dastoor |
image
image
expand image

MLC Asset Management has appointed Kristian Zimmermann as co-head of private equity, while Rachael Lockyer has been appointed portfolio manager.

Commencing from June, Zimmermann would work alongside New York-based co-head Marek Herchel.

Herchel would continue to drive the investment agenda globally, while Zimmermann would focus on growing the Australian business and delivering MLC’s private equity capability to a broader range of clients. 

Zimmermann had over 20 years of global experience and joined from Temasek in Singapore, where he was a senior director and head of the investment review team.

He previously held senior roles at Commonwealth Bank of Australia, Macquarie Bank, Deutsche Bank and Merrill Lynch. 

Lockyer joined earlier this year as portfolio manager within the MLC Private Equity team and had over 14 years’ experience, previously working at L Catterton and Ironbridge Capital. 

Launched in November 2019, MLC Private Equity Co-investment Fund III had recently completed its second close with $147 million in committed capital to date, and the fund had made its three initial investments from this capital.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 day 9 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

5 days 15 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 3 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 5 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

4 days 13 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

3 days 16 hours ago