Pengana expands its distribution team

Oksana Patron

1 March 2023

Pengana Capital Group has announced a new appointment of Fraser Herd as its distribution manager for the New South Wales region.

In his new role, he would work closely with high net worth advisory firms and private banks and would be responsible for connecting advisers with Pengana’s newly launched capital markets division, Pengana Capital Markets.

Prior to joining Pengana, Herd was managing director of employed advice at AMP and his previously held roles also included a director of private banking at Credit Suisse, a director of private wealth at Westpac, and as associate director at Macquarie Funds Group.

“Fraser will provide an important contact point for those advisers looking for bespoke investment opportunities in the private markets for their high-net-worth investors,” Russel Pillemer, chief executive of Pengana, said.

“There are many advisers to high-net-worth, sophisticated investors looking for quality, niche investment solutions to add to their clients’ portfolios.

“They want something different from the run-of-the-mill, and Pengana has a track record of innovating and bringing unique investment opportunities in areas such as ESG and private equity.

“Fraser brings impressive credentials and a strong network to our distribution team.”