Former Frontier Investment senior consultant Brett Chatfield has become the first new recruit to sign on with Fidante, one month after Challenger separated its boutique managed funds from its annuities offering.
In April, Challenger renamed its boutique managed funds Fidante and changed the title of some funds in order to differentiate product offerings and support the growth of both businesses.
Chatfield will take on the role of institutional business development manager in June, representing three Fidante boutiques: small caps manager Kinetic, high conviction equities manager Greencape in Melbourne, and Sydney-based long/short equities manager Wavestone.
With Frontier, Chatfield worked across asset classes providing superannuation advice and also held senior investment analyser positions with UniSuper and Lonsec, and earlier as an accountant with KPMG.
General manager for institutional business and strategic alliances Matt Gaden said Chatfield's broad knowledge across asset classes - particularly Australian equities - would be welcomed.
He noted Chatfield's knack for building working relationships across the superannuation funds industry, as well as strong technical funds expertise.
"Brett has built an exceptional track record in the investment industry, with experience across retail manager research, multi-manager portfolio management, and institutional asset consulting," he said.
Chatfield holds a Master of Applied Finance from Macquarie University, Graduate Certificate of Applied Finance from Finsia, and a Bachelor of Business from RMIT.
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.