MLC expands PE team
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.
AUTHOR
Chris Dastoor
Recommended for you
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.
Culture clashes and differing management styles are among the reasons why, recruiters tell Money Management, they see employees changing jobs post-M&A activity.
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
