Plato Investment Management has hired a senior portfolio manager to manage its newly launched Global Shares Income Fund.
Daniel Pennell joined the fund manager from Realindex Investments, a Colonial First State subsidiary focused on smart beta. As lead manager, he was responsible for all developed and emerging market equity products.
Before that Pennell has also worked for State Street Global Advisors (SSGA) in Sydney and London. In Sydney, he worked in the global structured products group as a senior investment manager. He was responsible for managing ETFs, after tax mandates, smart beta and optimised portfolios. In London, he managed active strategies and a range of global indexed products.
"We are very excited to have Daniel's global portfolio management expertise to apply to our newly launched Global Shares Income Fund. We are getting great feedback from both clients and the industry on our strategy, and I know it is in the right hands with Daniel," Plato managing director Dr Don Hamson said.