Newmark appoints new head of wholesale

Veteran wealth sector leader Nathan Wares has been appointed to lead the wholesale investment function at Newmark Capital, a specialist Australian real estate investment firm.

Wares in his new role as head of wholesale will work closely with Newmark’s senior management team and head of distribution George Deligiannis.

The pair will oversee engagement with financial advisers, dealer groups, private wealth firms, family offices, CIOs, endowment funds and wholesale investors.

Wares will also play a key role in supporting the upcoming launch of Newmark’s open-ended diversified property fund, aimed to provide stable income returns and capital growth through diversified high-quality real estate assets.

Wares boasts more than 30 years’ experience in the wealth sector, including senior roles at Citigroup, ANZ Investment Bank, as well as Westpac and St George Private Banks where he was responsible for the management of private bankers and their ultra-high-net-worth portfolios.

Most recently, Wares served as head of distribution at boutique investment firm Prime Value Asset Management for just over a year, and prior to this as managing director and country head of Australia & New Zealand at alternatives asset management specialist Laureola Advisors.

Mark Lumby, general manager of funds management and operations at Newmark, welcomed Wares’ “extensive experience and industry insights”, which he said would be “instrumental in driving our business growth and continuing to deliver excellent income and growth solutions for our investors”.

Newmark Capital specialises in real estate investment across Australia, seeking out “premium commercial real estate investment opportunities”.