New head for Treasury Group’s boutique services

Listed funds management holding company Treasury Group has hired Christine Feldmanis as managing director of its boutique fund manager service division, Treasury Group Investment Services (TIS).

Feldmanis is the former general manager finance and administration for NSW Government’s central borrowing agency, NSW Treasury Corporation.

In her new job, she will guide strategy for TIS and lead its team in servicing the boutique fund managers in which Treasury Group has an equity stake, including Investors Mutual, Orion Asset Management, Armytage, Confluence Asset Management, Global Value Investors (GVI), and Treasury Asia Asset Management (TAAM).

Treasury Group’s group risk and compliance manager Erin Jurgeleit said the role was essentially a new position for TIS, with Treasury Group’s managing director David Cooper acting in the role since the departure in 2004 of chief operating officer Graham Putt, who formerly had responsibility for the subsidiary.

“We’ve had significant growth in operations of the subsidiary over the year with the two new fund managers [GVI and TAAM] and it’s been an ongoing process of reviewing that every little while and saying when do we need to get someone into fill the role full-time,” Jurgeleit said.

She said Feldmanis was an outstanding candidate and the company had decided it was time to fill the role.

The appointment is one of several staff changes in the wider group over recent months. In August, David Cooper’s position changed from chief executive officer to managing director, while chief financial officer Robert Kipp resigned and was replaced by former Ronin Funds Management chief financial officer Joseph Ferragina.

The company also recently announced its chairman Lee LaFrate would be replaced by board member Mike Fitzpatrick at the company’s next annual general meeting.