Nash Advisory bets on Labor government with four hires
Boutique advisory firm Nash Advisory, based in Melbourne, has made four appointments to its team as it envisages increased M&A and corporate activity in the industry.
It hired Jonathan Hoe, an M&A lawyer, Kevin Han who is an infrastructure advisory consultant, accountant Kieran Ellis and lastly, data analyst Florian Krettek. Hoe joined from law firm Allens, Han from EY, Ellis from William Buck and Krettek from Nord/LB.
Nash Advisory founder and director, Sean O’Neill, said: “We have made four key appointments as we build our capability for what we envisage will be increased corporate activity in the health, education and related government services areas.
The firm said this would be the case if there was a Labor government after the election on 18 May as it believes Labor will be more willing to spend in areas of health and education. It felt Labor leadership would result in a rotation in M&A away from consumer and housing and towards those sectors with strong Government funding dynamics.
“Although businesses with exposure to consumers, housing and financial services might struggle in 2019 as these sectors of the economy slow, as well as financial services having the additional issue of grappling with a post-Royal Commission world, we expect other sectors to flourish as Labor has historically loosened the purse strings in areas such as health and education,” O’Neill said.
“There are also many large-scale infrastructure projects underway in most Australian cities that have timelines of between five and 10 years that will continue to generate economic activity as other sectors slow down.”
AUTHOR
Laura Dew
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
