Following on from PM Capitals recent announcement of a distribution agreement with Zurich for the Global Equity Income Fund, the boutique investment firm is also looking to further develop its market presence directly with advisors through the appointment of Rob Thompson as Head of Distribution.
Mr Thompson has 22 years of experience in financial services, most recently with Perpetual, where he led distribution to large boutique financial planning firms, private banks and family offices. He has also held senior roles with Macquarie, Skandia and Portfolio Partners Ltd.
Chief Executive Officer, Chris Donohoe, said PM Capital had further plans for growth and the appointment was a significant step for theGroup.
“We have been in operation for almost 15 years and have developed a strong product suite. Several years ago we increased the depth of our investment team and the benefits have manifest through strong performance in challenging times. In the past six months, we have restructured so that staff now own 100% of the business; in addition to being substantial unit holders in the same funds in which our clients invest. This means that our interests are always aligned with our investors”.
“The distribution agreement with Zurich is further testament to the relevance of our funds to the advisor community. We are now working to expand our investor base and the appointment of Rob Thompson is an important step for us on this path.”
In addition to its existing equity and income funds, PM Capital will be introducing its Emerging Asia Fund, which was seeded internally over 4 years ago. Despite market volatility, the fund performance has been consistently strong, returning 14.9% pa net of fees, since inception. The fund is looking to generate absolute returns with a strong focus on companies with over $1 billion market cap, that are under-researched and mis-priced.
“An attractive aspect of working at PM Capital is that the investment team have a significant amount of skin in the game, which demonstrates a genuine commitment to seeking the best investment opportunities on behalf of their fellow unit holders”, Mr Thompson said.