Milford expands Australian team with three senior appointments
Specialist investment firm Milford Asset Management (Milford) has announced the appointments of Murray Pell, Head of Wholesale Distribution, Brad Mackay, Regional Manager, Queensland, and Rachael Satchell, Business Development Manager, Queensland.
Murray Pell, Head of Wholesale Distribution, has joined the Australian team from Macquarie Bank, where he was responsible for building and executing the national key account strategy across platform, managed accounts and cash management.
Brad Mackay will be joining the company as a Regional Manager for Queensland from Centrepoint Alliance group bringing 25 years of financial services experience across investment divisions in NAB, MLC and Zurich. Mackay is also a long-standing member of the Financial Planning Association of Australia and a member of Philanthropy Australia.
Milford’s Queensland presence will also benefit from the addition of Rachael Satchell as Business Development Manager. Rachael joins with more than 15 years of financial services experience most recently with distribution roles with Praemium and Asteron Life.
Commenting on the appointments, Milford’s Head of Australian Business, Kristine Brooks, said: “Continued delivery of strong returns is leading to increased inflows and interest, and a requirement to build out our award-winning team. The appointment of Murray, Brad and Rachael will allow us to uphold our excellence in client service and engagement, while building on our offering and products for the benefit of Australian investors.” Kristine Brooks added, “With further appointments in the pipeline, we believe we have the team to support the adviser community right across Australia.”
Milford Asset Management, an award-winning Trans-Tasman fund manager, currently has more than AUD $12 billion of funds under management and its award-winning team takes a specialist approach to investing, combining top-down macro insights with bottom-up fundamental research. Milford serves a wide range of clients, including over 60,000 direct investors and financial advisers across both Australia and New Zealand.
Last year Milford was recognised as the recipient of the Australian Equities – Alternative Strategies Fund of the Year Award at the 2020 Zenith Fund Awards and this year the Milford Dynamic Fund is a Finalist in the Emerging Manager category in the upcoming Money Management Fund Manager of the Year Awards.
The Milford Australian Absolute Growth Fund aims to generate investment returns 5% higher than the RBA cash rate over rolling three-year periods by investing in a portfolio of predominately Australian equities, complemented by selective exposure to international equities and cash. The Fund has achieved an 8.84% return per annum since inception in 2017 compared to a 6.12% return per annum from the Fund’s benchmark and a 4.80% return per annum from the S&P/ASX200 (TR) Index.
Milford’s more aggressive Dynamic Fund navigated the Covid related market volatility with a 59.99% one-year return, exceeding its benchmark by 7.83%.
