Bennelong Funds Management's named the leadership team heading up its recently launched London-based subsidiary.
Established in November 2016, BennBridge is led by chief operating officer Greg Thomas who was formerly the managing director of Visium Asset Management UK. He has also previously held senior roles with Gruss Capital Management, Copenhagen Capital and Bailey Coates Asset Management.
Head of compliance Suzanne Porter also joined from Visium Asset Management, prior to which she was vice president, compliance at Bank of America. Porter is responsible for maintaining, distributing and ensuring the understanding of all BennBridge compliance policies and procedures.
Former Bennelong head of institutional sales Ryan Durance has returned to the UK from Melbourne to head up BennBridge's business development. Durance began his career as an analyst with Merchant Investors, and has also worked at Barclays Wealth and Schroders before joining the Bennelong team.
Durance will work closely with director of business development Robert Gough, who has previously worked as a fund sales executive at J.P. Morgan Asset Management after leaving the British Army in 2013.
Finally, the team was joined in April by Ben Battye as head of operations. Battye joined from MSK Capital Partners, bringing with him almost 20 years' financial services experience with firms such as J.P. Morgan and Fidelity.
Just last week BennBridge opened the doors to its London office located on Jermyn Street, providing operational and infrastructure support for boutique funds management teams and the distribution of their funds across global markets.
"Our business model is to provide a holistic range of services to our boutique partners, allowing them to focus on what they do best - managing clients' assets. This model has proven a successful one in Australia, where Bennelong has been operating since 2006," Thomas explained.
"Beyond the functional support we provide, the real value of our offering is the entrepreneurial culture which nurtures innovation. This, coupled with BennBridge's backing and business support, is what helps drive the scalability of our asset managers' success."
At a Bennelong adviser event in Sydney last week, Bennelong chief executive Craig Bingham hinted at more appointments to come, saying: "We are soon to have a team of 10 in our new London office, we have our first three managers lined up for the second half of the year and they will extend across a long short European team, a long short EM team and a long short UK equities team."
"By allowing that business to stand on its own two feet, we believe that it will become quite profitable and in due course we will be able to distribute some of our products over there and, in turn, hopefully bring some of those products over here that could be of interest."