POWERED BY MOMENTUM MEDIA
Lonsec Fiscal nabs Investec resource experts
Research group Lonsec Fiscal has bagged three former Investec Equities resource specialists as part of its institutional broking expansion.
The new recruits, Rod Clarkson, Tim Gerrard and Colin McLelland, were sought for their institutional and resource knowledge, which Lonsec Fiscal hopes to capitalise on in its Equity Capital Markets division.
They will primarily be concerned with resource business institutional research, equity capital market transactions for mining companies, and dealing and execution services.
"At a time when many industry participants are reducing their dealings with the mining sector, we believe this represents the perfect opportunity for Lonsec to further enhance our broking capabilities," David Wylie, CEO of Lonsec Stockbroking, said.
"Lonsec is committed to this highly relevant and extremely important sector of the Australian economy."
Prior to taking the managing director role at Investec Securities, Clarkson headed the sales desk at James Capel, Prudential Bache and BNP Paribas in London.
Gerrard worked in the equities market since 1984 and spent much of his career focused on the Australian resources market including gold, metals and diversified sectors.
McLelland, meanwhile, gained his grounding as a senior consultant for a top-tier operational consulting firm, before joining Investec as an equities analyst four years ago.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
91.29 3 y p.a(%)
2
L1 Capital International
69.55 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
35.77 3 y p.a(%)
5
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
