Lachlan Baird

Boutique multi-award-winning investment house, Prime Value Asset Management, has appointed former Prime Super CEO, Lachlan Baird, as its new Chief Financial Officer.

Lachlan Baird is a highly experienced and respected executive in the financial services industry, most recently as the CEO of Prime Super, an independent profit to members superannuation fund.

Lachlan drove the strategic direction of Prime Super to deliver growth via two fund mergers and exceptional results for members as CEO from 2005 to 2023. The role included significant involvement in direct investing in property and infrastructure assets in Australia and internationally. Prime Super is now ranked in the top-third of regulated superannuation funds in most measures including membership, member cashflow and investment returns.

Lachlan currently also serves as a Director of the Australian Centre for Rural Entrepreneurship, which provides support for emerging entrepreneurs and businesses in rural communities.

Prime Value Asset Management CEO and co-founder, Yak Yong Quek, stated that Mr. Baird’s extensive leadership experience in funds management will be an invaluable addition to the firm. “Lachlan will be instrumental in refining our investment strategy, building a financial framework that promotes sustainable growth and delivers strong outcomes for our investors.

“Lachlan brings a strategic approach and a sharp focus on financial precision, which will be vital as we enhance our high-conviction product offerings. His expertise will strengthen key areas essential to the firm’s future, to ensure we’re well-positioned for the next phase of growth and success at Prime Value.”

Mr Baird said he looked forward to helping Prime Value’s growth as a genuine independent manager. “Quek and the Prime Value team have built an impressive product suite around high performing funds where active management makes a big difference, including the small cap Prime Value Emerging Opportunities Fund, which is available via platforms including Netwealth, uXchange, Mason Stevens, Hub24 and BT Panorama, Praemium and AMP North.

“I have watched with interest as the group has expanded into alternative assets including dairy farms and retirement villages, showing that its active boutique approach translates successfully across different asset classes.

“The beauty of an Australian boutique such as Prime Value is its passion and high conviction in its investments, its ability to play to its strengths and offer something to investors of real value.”

Prime Value Asset Management is part of an investment group including Shakespeare Property Group, which manages ~$3 billion in equities, income securities, direct property and alternative assets in Australia.

For more information please contact:

Yak Yong Quek, CEO and co-founder

Prime Value Asset Management

Email: yyquek@primevalue.com.au

David Manallack

Manallack PR

Phone: 0407 334 938

Email: david@manallack.com.au

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Active Utilities procures and supplies electricity, gas and water, and provides end-to-end billing and customer support services. It currently operates a national portfolio of 75,000 utility meters spread over 800 high-density assets, with the majority of buildings located in the populous states of Victoria, Queensland and New South Wales. Plans are in place for Active Utilities to expand significantly over the next five years to operate 175,000 meters and employ over 100 staff. 

The acquisition of Active Utilities provides Prime Super with a significant market share across five states in Australia as a provider of utilities services offering good value, reliability and efficiency in the supply of electricity, gas and water. 

Significantly, the acquisition of the local energy networks solutions business creates strategic opportunities for Prime Super to leverage and extend the environmental benefits already provided by its existing highly complementary clean energy businesses: Savant Energy and the fund’s wind energy platform. 

Lachlan Baird, Chief Executive Officer of Prime Super said: “It’s an exciting day for our members as we announce Prime Super’s latest energy acquisition which will help us continue delivering strong returns for our members while helping the economy transition to greener energy solutions. Prime Super is now a significant presence in this sector and by leveraging the benefits of our existing business Savant Energy and our wind energy assets, we’ll be able by 2025, to transmit green energy throughout the country and create many new jobs for people.”  

The acquisition announced today was made in conjunction with PATRIZIA Infrastructure, Prime Super’s investment manager. 

The post Prime Super now owns the nation’s largest independent embedded networks platform  appeared first on AdviserVoice.

The partnership will take effect on 1 May 2016.

Lachlan Baird, Chief Executive Officer, Prime Super said “This is an exciting change to the Group Life Insurance arrangements for Prime Super. Our goals in undertaking this tender process were to simplify and streamline our offering, to improve the sustainability of premium pricing for our members and to ensure we were offering an appropriate level of cover.

“Prime Super has recently undertaken a significant re-branding process to modernise the look and feel of the fund as well as emphasise the core value of the fund, where the best interests of members is at the heart of everything we do. These new insurance arrangements deliver on the core values of the fund,” Mr Baird said.

Craig Harrison, General Manager Life Product and Distribution, CommInsure said, “We look forward to working with Prime Super to deliver long term value to their members. To be appointed as Prime Super’s insurance partner is a significant achievement for CommInsure, and we are committed to providing a tailored product, claims and service model to meet the insurance needs of Prime Super’s members.”

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