The new addition bolsters Apostle’s leadership in the impact, ethical and net zero space ahead of the launch of its Global Carbon Credit fund.

AFM’s Managing Director Karyn West said, “We are thrilled to welcome Luke and his strong leadership to the Apostle team. Luke’s rare technical skill set and deep sector expertise with global carbon markets is critical to our strategic positioning in providing solutions to our clients.”

Mr Donovan joins Apostle with over 15 years’ experience in the energy finance sector. His extensive experience began with his decade tenure at Origin Energy, building Australia’s largest industrial customer portfolio in energy and carbon trading.

Mr Donovan was most recently Executive Director of Carbon and Power Markets at Commonwealth Bank of Australia (CBA). Where he was responsible for CBA’s Carbon Emissions trading globally and pivotal to establishing its presence in the Australian Carbon Market.

Speaking on his appointment Mr Donovan said, “I was seeking to partner with a fund distribution and product management group that could support the creation of products relevant to this market amid shifting demand. Apostle is a great natural fit, I welcome a collaborative partnership in delivering sophisticated products and services to the institutional market in global carbon markets.

I look forward to working together with Apostle and believe we can provide uniquely positioned alpha oriented products to meet the demands of institutional markets.”

Building on the appointments of its first Chief Operations Officer Eric Chu and ESG advisor Kylie Parkyn this year, the announcement reinforces Apostle’s growing investment product suite following the launch of its People and Planet fund and Ethical High Yield Credit Fund.

Ms West continues, “We have the right expertise and the right products to deliver institutional grade ethical and impact strategies for our clients. We have seen an enormous shift in demand from clients and we felt there was a limited selection in the market to meet new sustainable requirements.

This is why we have curated a team of specialists to support our holistic investment strategy. We are focused on the future of investing and believe you can create positive real-world outcomes without sacrificing financial returns.”

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Eric Chu

Apostle Funds Management (AFM) continues growth trajectory by appointing its first Chief Operating Officer, Eric Chu.

This is a newly created role for the independent, female led fund manager following the launch of its People and Planet fund earlier in the year.

AFM’s Managing Director Karyn West explains, “We are focused on the future of investing and believe you can create positive real-world outcomes without sacrificing financial returns. This newly created role in the organisation helps us realise this vision as we look to manage our future growth. We have a strong pipeline of products that offer tailored solutions for our clients as we continue to expand our offering.”

“Once we met with Eric, his experience, deep industry expertise and dynamic style suited the values of our organisation making him an excellent fit.”

“Eric will be working with the whole team covering all aspects of compliance and operations. His knowledge and experience will be catalytic for the growth of our organisation. We look forward to Eric’s contribution to help grow the team and the organisation,” said Ms West.

Mr Chu joins Apostle with over a decade of experience in financial services. Beginning his career in funds accounting at leading independent hedge fund administration specialist Custom House Global Fund Services, before moving to middle and back-office functions with Link Fund Solutions. Mr Chu’s most recent role was as Chief Operating Officer of Fundhost Ltd.

His breadth of experience spans multi class unit trusts, investment operations, compliance, and unit registry. He also has expertise in statutory reporting, tax distributions, client transactions, AFSL requirements and year end operations.

Speaking of his appointment Eric commented, “I am pleased to be working with an organisation that is future focused and aligns to my values. Apostle Funds Management are pioneers within the impact investing space and are primed for exponential growth. It’s an exciting time to become part of the AFM journey.”

 Mr Chu holds a Bachelor of Science, a Master of Accounting, and qualifications in SQL and RG146. He is also a member of CPA Australia.

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