Lonsec Fiscal (Lonsec), a leading provider of financial services research and investment execution,  announced the expansion of its existing Sydney-based institutional broking division with the appointment of three senior resources specialists.

The new appointments, Rod Clarkson, Tim Gerrard and Colin McLelland, were formerly the nucleus of the Investec Equities team based in Sydney.

Lonsec Fiscal’s group Managing Director, Jason Clarke, commented, “We are thrilled that Rod, Tim and Colin have chosen to join Lonsec where we have been diligently expanding our capacity and enhancing the quality of outcomes for clients and customers across the group. They are a very highly regarded team and the appointment reaffirms our commitment to our institutional clients. We wish them well as they expand the Lonsec offering in resource sector research and in Equity Capital Market capabilities.”

David Wylie, CEO of Lonsec Stockbroking, said the collective knowledge and experience of the new team would allow Lonsec to further build its reputation in research, Equity Capital Markets, dealing and execution services.

“This experienced team makes a fantastic and highly complementary addition to our existing institutional broking division,” Mr Wylie said.

“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. Lonsec is committed to this highly relevant and extremely important sector of the Australian economy.”

While Lonsec has established institutional relationships, this latest move will allow the business to take a greatly enhanced view into the resources sector. The new team will provide a range of services for institutions and corporate clients:

• Institutional Research on resources companies, ranging from large caps to select small and mid-caps
• Equity Capital Market raisings for mining companies through broad networks of domestic and international clients
• Dealing and execution services

Rod Clarkson is a 35 year veteran within the securities industry, bringing experience from his time as the head of sales desk for James Capel, Prudential Bache and BNP Paribas in London. Most recently Mr Clarkson was Managing Director of Investec Securities where he was responsible for specialist resource broking.

Former Investec director Tim Gerrard has been in the equities market since 1984 researching the Australian resources market including gold, metals and diversified sectors. He has a Bachelor of Mineral Technology Degree (Otago) and BCom (Otago) and prior to joining the broking industry worked for BP Oil Exploration and Hamersley Iron.

Colin McLelland brings experience as a senior consultant for a top tier operational consulting firm as well as over 4 years working as an equities analyst at Investec. He has been active in the equity markets since 2006 with broad resource coverage including coal, iron ore, copper, gold and specialty metals.

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