Prime Value expands Sydney team

Yasmine Raso

Senior Journalist, Financial Newswire

9 August 2023

Prime Value Asset Management has looked to solidify its presence in Sydney with two new appointments, Nathan Wares as Head of Distribution and Kate Mulham as Head of Marketing and Communications.

“Both Nathan and Kate have the right credentials and impressive track records,” Prime Value Asset Management CEO and co-founder, Yak Yong Quek, said.

“We believe they are the right people to help drive our next phase of growth, and they will be a valuable addition to our growing Sydney office.”

Wares brings close to 30 years of experience in the financial services industry, having kicked off his career at BT Funds Management in 1992 and enjoyed senior roles at Citigroup Asset Management, ANZ Investment Bank, Westpac Private Bank and St George Private Bank.

Prior to the new role, Wares was also appointed Managing Director of Australia & New Zealand for the US-based boutique asset manager, Laureola Advisors. He will be responsible for connecting with financial advisers, dealer groups, private wealth businesses, family offices and wholesale investors for a variety of funds across Australian equities, income securities, direct property and alternative assets.

Mulham has over 15 years of financial services marketing experience, particularly in the global and local funds management space. She previously took on roles at Dexus, UBS Asset Management Australia, BT Financial Group and Perpetual Investments.

“Prime Value is a genuine independent with an investment process based on stewardship and capital protection, with consistent performance across several asset classes,” she said.

“They have a quality investment team in place which is disciplined, humble, and experienced across many market cycles. It’s a winning combination which has delivered for investors.”

“A great example of the manager’s approach is the small cap Prime Value Emerging Opportunities Fund, which has shown consistency since inception in October 2015 – the Fund has returned 11.5% per annum after fees to investors since inception to 30 June 2023,” Wares said.

“This fund has shown consistent outperformance while weathering some incredibly volatile market cycles.”