Standard & Poor’s Fund Services today stated that its ratings on two Solaris Australian equity funds are unaffected by the resignation of resources analyst John Hodder. Mr Hodder has resigned to pursue other opportunities within the resources sector.
Lorana Szeto has been appointed to the role, effective immediately. Ms Szeto has 16 years’ experience including 10 years as the team’s resources analyst when it was part of Suncorp Investment Management. She rejoined the team in October 2011 following a four-year sabbatical, and has worked closely with Mr. Hodder over recent months. Ms Szeto now assumes responsibility for stock selection within the diversified metals and mining, aluminium, and precious metals sectors.
Ms Szeto is an experienced resources analyst with significant tenure working alongside members of the Solaris investment team. We are comfortable with her appointment in light of Mr Hodder’s resignation.
