Fraser Herd

Pengana Capital Group has added to its distribution team, appointing experienced investment banking professional Fraser Herd as new Distribution Manager for the NSW region.

Prior to joining Pengana Capital, Mr Herd was Managing Director of Employed Advice at AMP. He has previously held roles as a Director of Private Banking at Credit Suisse, a Director of Private Wealth at Westpac, and as Associate Director at Macquarie Funds Group.

At Pengana he will work closely with high net worth advisory firms and private banks.

Russel Pillemer, CEO of Pengana Capital Group, said “Fraser brings impressive credentials and a strong network to our distribution team.

“There are many advisers to high-net-worth, sophisticated investors looking for quality, niche investment solutions to add to their clients’ portfolios.

“They want something different from the run-of-the-mill, and Pengana has a track record of innovating and bringing unique investment opportunities in areas such as ESG and private equity.”

Mr Pillemer said Mr Herd will also connect advisers with Pengana’s newly launched capital markets division, Pengana Capital Markets. “Fraser will provide an important contact point for those advisers looking for bespoke investment opportunities in the private markets for their high-net-worth investors.”

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The team will report to Alex Wade, AMP CEO Australian Wealth Management, with a focus on providing better experiences and outcomes for our clients through a simpler, more efficient business and stronger risk controls.

The new appointments are:

• Lakshman Anantakrishnan, Chief Investment Officer. Mr Anantakrishnan will focus on supporting AMP’s superannuation trustees to ensure members receive the strongest possible investment returns. He joins from Credit Suisse, where he was most recently Head of Portfolio Management, leading a team managing global multi-asset portfolios across multiple risk profiles and strategies. He will commence at the end of June.
• Lara Bourguignon, CEO, SuperConcepts, AMP’s market-leading self-managed super fund administration services business. Ms Bourguignon is an internal appointment with considerable financial services experience, having most recently led AMP’s customer experience team. She will commence in mid-April.
• Jen Thomas, Chief Operating Officer. Ms Thomas will lead the transformation of AWM’s operations. She joins AMP from RBS and has deep experience leading operations, technology and change in financial services. She will commence in early May
• Fraser Herd, Managing Director, Client Relationships. Mr Herd will build and enhance AMP’s direct advice channels. He is an experienced senior executive with international and local experience, most recently as part Credit Suisse private banking leadership team. He will commence at the end of June.
• Ant Dureau, Chief Client Officer. Mr Dureau has been promoted from his role as AMP’s Acting Director Strategic Marketing & Customer Experience. He has a strong history of driving large-scale projects with expertise in brand, acquisition, client and channel management. He will commence his new role in mid-April.

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