Ten Cap appoints inaugural distribution lead

Ten Cap has appointed a new head of distribution, effective May 11.

Joe Cheika, joining from Colonial First State, has been appointed to the newly created role. He will be based in Sydney and will report to chief executive Jason Todd.

Cheika is Ten Cap's second hire since the firm's launch in February 2025, following Mark Kellock who was names senior equity analyst in October.

In his new role, Cheika will lead the firm's distribution function, working closely with existing and prospective clients to drive growth across adviser, private wealth, and institutional channels, Ten Cap said.

Cheika brings nearly 15 years of experience across the financial services industry. Most recently, he was business development manager at CFS, driving new business opportunities and managing relationships with various clients.

He also held roles in investment sales, research relationship management and product governance, gaining experience across platforms, product development, and investment oversight. Prior to that, he spent over two years at Commonwealth Bank.

Commenting, Todd said Cheika's appointment comes at a time when Ten Cap is continuously looking for growth.

"Joe brings over 13 years of experience in wealth and investment management sales and has a strong track record in investment distribution and a deep understanding of the Australian wealth landscape," Todd said.

"His experience across sales leadership, platform strategy, and client relationship management will be instrumental as we expand our flagship fund into new investment channels."

This appointment follows the launch of Ten Cap's listed active ETF (ASX: TCAP) in November last year, based on its existing Alpha Plus Fund, a long-short equity only strategy in Australia.