Nathan joins from Morgan Stanley Private Wealth Management Asia where he was Co-Head of Investment Management Services. While at Morgan Stanley, Nathan developed Morgan Stanley’s award winning multi-asset investment approach for both the Australian and Asia wealth management divisions. Nathan started his career in 1995 and has extensive experience in asset management, research and stockbroking that has taken him across Asia, North America, the Middle East and Australia. Prior to Morgan Stanley, Nathan managed Australian Ethical Investment’s International Shares Fund, where he developed a passion for responsible investing.

Commenting on the appointment, Lonsec CEO Mike Wright said “We are delighted that Nathan is joining Lonsec to lead the Investment Solutions business as he brings considerable international expertise in multi-asset strategies and a particular interest in responsible investing.

Nathan joins the business at an exciting time as we continue to grow our expanding managed accounts business. This includes renewing our commitment to partner with quality advice businesses to support them with tailored managed account solutions.”

Nathan echoes these sentiments, saying “I am excited to be joining Lonsec as I have long admired their reputation and commitment to helping clients achieve their financial goals. I look forward to leading a great team of investment professionals and getting back to my responsible investing roots.”

As CIO, Nathan will join the Product and Investment Oversight Committee, Asset Allocation, Manager Selection, Direct Equities and Tailored Portfolio committees, which oversee the Lonsec Investment Solutions portfolios. These committees are a hallmark of the Lonsec portfolio management approach.

Deanne Baker has been appointed to the newly created position of Deputy CIO. Deanne will also continue in her role as Portfolio Manager Multi-Asset Portfolios, managing the multi-asset, retirement and sustainable portfolios. Deanne has been with Lonsec for 15 years, working across both Lonsec Research and Lonsec Investment Solutions. Deanne will be assisted by Eleanor Menniti who rejoins Lonsec as Associate Portfolio Manager, Multi-Asset Portfolios, after five years at BlackRock.

Deanne comments “I am excited to have Nathan join Lonsec as his shared values, investment experience and leadership qualities make him a great fit for our team. I am looking forward to working with him to continue delivering strong outcomes for our clients.

I am equally excited about the return of Eleanor Menniti to the team, bringing with her new skills and insights from a leading global fund manager.”

The Chairman of Lonsec’s Product and Investment Oversight Committee (PIOC), Dr Steve Garth, was also pleased with the new appointments, saying, “We are thrilled to have Nathan join the Lonsec team, and I look forward to working closely with him on the PIOC. We are also very grateful to Deanne Baker for her contribution as interim CIO and her contributions to the PIOC.”

Veronica Klaus will head up the newly named Tailored Solutions business as Head of Tailored Investment Solutions. Assisted by a team of Portfolio Managers, Veronica will lead Lonsec’s renewed focus into bespoke and tailored investment solutions for larger self-licenced Advice firms and large licensees. Veronica has been with Lonsec for 12 years.

Nathan will commence the position of Chief Investment Officer and Executive Director, Lonsec Investment Solutions in August 2023.

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Lukasz will be with the business until mid-June and is working closely with the team to ensure a smooth transition.

In the interim Michael Wright, Lonsec CEO and Managing Director Implemented Portfolios will assume Executive Director responsibilities for Lonsec Investment Solutions.

During this period Lonsec plans to go to market to appoint an Executive Director, Lonsec Investment Solutions and CIO.

Michael has an extensive knowledge of the Lonsec business and investment markets and is extremely well-placed lead the Lonsec Investment Solutions business.

Lonsec’s trusted and experienced team will continue to manage the portfolios.

Lonsec’s managed account portfolio and consulting services continue to be managed by experienced and long-standing members of the Lonsec team who will report to Michael, including:

• Deanne Baker, who has been appointed interim Chief Investment Officer (CIO). Deanne will continue to be the Portfolio Manager Multi-Asset Portfolios, managing the multi-asset, retirement and sustainable portfolios. Deanne has been with Lonsec for 15 years;
• Danial Moradi, Portfolio Manager Listed Portfolios, manages the listed diversified and Australian equities managed account portfolios and has also been with Lonsec for 15 years;
• Veronica Klaus, Head of Investment Consulting who has been with Lonsec for 12 years and leads our investment consulting services including the management of Lonsec’s tailored managed account portfolios; and
• Chris Robertson, Portfolio Manager ESG Aware for Implemented Portfolios (IPL) who has transitioned across with the acquisition of IPL.  Chris has over 30 years’ experience across leading Asset Managers.

They will continue to be supported by the Lonsec Investment Solutions team as well the broader Lonsec business.

Since the inception of Lonsec Investment Solutions, portfolios have been overseen by its Investment Committees. The Committees include its Asset Allocation, Manager Selection, Direct Equities and Tailored Portfolio committees which are all comprised of senior members of the Lonsec Investment Solution and Lonsec Research teams, as well as independent investment experts.

Deanne will chair the Lonsec Investment Solutions Asset Allocation Investment Committee as well join the IPL Asset Allocation Investment Committee as a member.

The IPL portfolios will continue to be overseen by IPL’s Asset Allocation Investment Committee chaired independently by Paul Dortkamp. Tim Farrelly, from Farrelly’s Investment Strategy, also continues to be a member of the IPL AAIC, which he and Paul have served on continuously since the inception of IPL in 2010. Lonsec is also expanding this committee with the additions of Deanne Baker (as mentioned above), Chris Robertson and Nick Field who has recently been promoted to the role of Portfolio Manager, IPL Portfolios. Nick has extensive investment research and portfolio management experience.

Finally, we have bolstered our internal portfolio governance framework with the establishment of a group Product Investment Oversight Committee (PIOC).

The PIOC is a sub board committee to the Lonsec Board and is responsible for ensuring that the IPL and Lonsec portfolios have the necessary personnel, processes and risk management frameworks in place.

The investment governance role that the PIOC discharges is important to Lonsec and our clients. The PIOC ensures that all the portfolios within the Lonsec Group remain managed in accordance with their stated mandates, objectives and have the right resources and capabilities to execute on their investment strategies.

Dr Steve Garth is the independent chair of the PIOC and he has extensive experience in asset management and investment governance.

Lukasz has made a significant contribution to the company having led Lonsec’s Investment Consulting services and establishing and building the Lonsec Investment Solutions business.

Mike Wright says, “Lukasz has made an outstanding contribution to Lonsec and the industry, establishing our strong investment consulting and managed account capabilities.  As Group CIO, Lukasz has overseen the various investment committees used to make medium-term investment decisions based on a clearly defined, common sense research-based investment philosophy.”

“We wish Lukasz all the best with the next exciting stage of his career at a leading global l asset manager and can assure all investors that the team remain absolutely committed to continuing the great work” concludes Mike.

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Bruce has over 30 years’ experience in financial services with an extensive track record across investment platforms, superannuation and life insurance.  Bruce has held a number of senior positions spanning finance, operations and strategic development with companies including NAB Wealth, Aviva Australia and Xplore Wealth Limited. Prior to joining Lonsec, Bruce was Group Executive – Xplore Wealth at HUB24 Limited leading the Xplore business whilst assisting in its integration into the broader HUB24 business.

Naomi Christopher was most recently National Manager – Marketing and Communications at Implemented Portfolios (IPL) and joined Lonsec Holdings following the acquisition of IPL. Her career in financial services spans 13 years, where she has worked in similar marketing and communications related roles at other financial services businesses such as Midwinter Financial Services (a Bravura owned company) and SQM Research, the funds research and ratings house.

Lonsec CEO and Managing Director of IPL, Mike Wright says “Over the past six months, both the Lonsec and IPL teams have worked tirelessly to understand each business and client groups. I am excited about the growth plans we have for the coming year and the integration of our services to all clients.  Bruce has led this integration project and I am delighted that he is joining in a permanent capacity.”

“I am equally delighted that Naomi is taking on the broader Head of Marketing and PR role across the group as she built IPL’s formidable marketing presence” continues Mike.

As part of the integration of the businesses, key Lonsec portfolio managers have been appointed to the IPL Asset Allocation and Investment Committee (AAIC), which is responsible for the investment decisions relating to the IPL portfolios. Lukasz de Pourbaix joined long-standing independent members of the committee post the acquisition of the business by Lonsec in 2022 and will be joined by Nick Field, Associate Portfolio Manager for Lonsec’s listed suite of portfolios.  Nick has extensive portfolio management and investment research experience having held various investment research and portfolio management roles for the past 20 years. Nick will provide additional insights and rigour to the AAIC governance process.

Finally, Lonsec has also bolstered its internal portfolio governance framework with the establishment of a group Product Investment Oversight Committee (PIOC). The PIOC is a sub board committee to the Lonsec Board and is responsible for ensuring that the IPL and Lonsec portfolios have the necessary personnel, processes and risk management frameworks in place. Lonsec has appointed Dr Steve Garth as independent chair of the PIOC. Dr Garth brings to the PIOC two decades of experience in key Financial Services roles, including a broad career managing Australian and Global portfolios.

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The company’s Funds Under Management has continued to steadily increase this year despite the global impacts of the COVID-19 pandemic, reaching a significant milestone of $1.5Bil in FUM this week. Executive Chairman of IPL, Greg Kirk has observed the increase in momentum, saying “It’s pleasing to see our momentum continue over a sustained period and we see that as confirmation of more and more advisers seeing the value in providing their clients with a personalised investment service and using our IMA solution to do so.” IPL welcomed new Non-Executive Director, Dr Steve Garth – Principal of Principia Investment Consultants – to its Board last week.

Dr Garth brings to the Board two decades of experience in key Financial Services roles, including a broad career managing Australian and Global portfolios. He founded Principia in February this year after 19- years at Dimensional Fund Advisers, where as Vice President and Portfolio Manager he played a key role in helping to communicate Dimensional’s investment processes to institutional and adviser clients and prospects.

Prior to Dimensional, he was on the faculty of the University of New South Wales. His teaching and research interests were in optical fiber technology and quantitative finance.

Dr Garth said of the appointment, “I am delighted to be joining the Board of Implemented Portfolios as non-executive Director. I look forward to working closely with the rest of the Board and the entire Implemented Portfolios team over the next few years, helping the firm to accelerate its growth and deliver outstanding investment outcomes for financial advisers and their clients.”

Executive Chairman of the Board, Greg Kirk commented on the appointment, saying “This is a significant new addition to our Board and Steve will provide additional strength to our expertise across several strategic disciplines.”

IPL also bolstered its Corporate Development team to leverage further FUM growth, appointing Tahlia Rozis, to the position of Corporate Development Associate. Tahlia brings sound knowledge of the investment management space to the role, from her time at Perpetual working within the wholesale distribution team. She will be working closely with Phil Pilgrim – Head of Distribution, who joined IPL toward the end of 2019 having previously held senior roles within BT.

IPL plans to add further Corporate Development roles in the coming months, and is expected to make more announcements regarding this soon.

In IPL’s Investment Services division, Samantha Feeley has been appointed to the role of Portfolio Operations Assistant. Ms. Feeley was previously employed in the Market Operations Division of Macquarie Bank, as well as holding similar positions at both NAB and RBS. She will support the Portfolio Management team, following growth in the number of Individually Managed Accounts being managed by IPL.

Greg Kirk is pleased about increasing the headcount of the company, saying “As the number of advice businesses utilising our IMA service continues to increase, we made a decision to expand some of the teams to accommodate further growth and widen both our servicing and distribution reach.”

“The new members of our team all possess unique and highly desired skill sets that will further enrich our adviser and client-centric culture and in turn, enhance the innovative service we deliver to financial advisers and their clients.

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