Lance Pupelis has joined Equity Trustees Limited in the newly created role of head of cash and fixed income. He will be responsible for overseeing the development of an in-house capability in these categories to help ensure the smooth transition of existing investment mandates and portfolios from ANZ Trustees.
The appointment follows the announcement in April that Equity Trustees had agreed to acquire 100 per cent of ANZ Trustees for $150 million. The acquisition will further enhance Equity Trustees position as a leading provider of trustee and related client services.
Equity Trustees head of private wealth services, Geoffory Rimmer, said Mr Pupelis’ appointment would help ensure business continuity for ANZ Trustees clients.
“An internal cash and fixed income capability is needed to meet the requirements to take on the ANZ Trustees business,” Mr Rimmer said.
With over 28 years experience in financial services and funds management, Mr Pupelis has extensive fixed income management experience, most recently as head of fixed income at ANZ Trustees and prior to that, as head of fixed income at Aviva Investors Australia.
He has also worked with Norwich Investment Management, before and after its Portfolio Partners acquisition, as director fixed interest.
Mr Pupelis will be based in Melbourne and will report to the chief investment officer George Boubouras. Mr Boubouras said Mr Pupelis’ skill set was a good fit for Equity Trustees.
“Lance has long and successful track record in similar roles at ANZ Trustees, Aviva, Norwich and Portfolio Partners. He has a proven ability to build new business opportunities such as managing the ANZ Trustees fixed income fund and winning multiple third party mandates over many years at several organisations.
“He has significant asset allocation experience, including being the former chair of the Aviva Investors Australia Asset Allocation Committee and former member of the ANZ Private Bank Regional Investment Council, the peak asset allocation forum across Australia and the Pacific for the bank,” Mr Boubouras said.
Mr Pupelis holds a bachelor of economics and a bachelor of laws from Monash University, and is PS 146 compliant. He commenced with Equity Trustees on 15 May 2014.
Equity Trustees Limited (EQT) is a publicly listed company that provides a range of financial services to corporate and private clients. Its businesses include asset management, distribution, responsible entity appointments, private client wealth management, and corporate and personal superannuation.
For more information please contact:
Lisa Barp – Phone: 03 8623 5396
19 May 2014