MEDIA RELEASE: Bennelong Funds Management has made two senior appointments in its Australian and UK businesses.
In the UK, BennBridge has appointed Doug Stewart as chief executive officer. The newly-created CEO role replaces the previous chief operating officer role which was held by Greg Thomas, who helped launch BennBridge UK in late 2016. Mr Thomas has taken up a new role as chief business officer at Bennelong, based in Sydney.
Mr Stewart and Mr Thomas will report to Craig Bingham, CEO of Bennelong Funds Management.
Both Bennelong and BennBridge are part of the BFM Group, an investment company that currently partners with 12 boutiques across the globe. The Group’s gives its investors access to Australian, UK, Asian and global equities; listed global infrastructure and real estate; and global emerging markets.
Mr Bingham said the appointments are an important step for both the Australian and UK businesses as part of their long-term growth strategies.
“Since launching BennBridge almost four years ago, the business has gone from strength to strength.
“In Doug we have appointed a high calibre executive to lead BennBridge’s future growth. He has a proven track record in building asset management businesses, understands the long-term characteristics and requirements of the multi-boutique model and is the perfect leader for BennBridge as it embarks on its next period of development, including expansion into Europe,” Mr Bingham said.
Mr Stewart joins BennBridge from OppenheimerFunds, where he was CEO and Head of EMEA for OppenheimerFunds’ European business from 2016. During his three-year tenure, he was responsible for the group’s international expansion into EMEA, including setting up a London office and building the team and operating model.
Prior to this, Mr Stewart was Managing Director, EMEA Client Group, at AllianceBernstein. He spent 15 years at the group, building its business and offering globally.
Mr Thomas has over 20 years’ industry experience. Before joining BennBridge he was managing director with Visium Asset UK and also spent six years with Gruss Capital Management as COO and two years with Copenhagen Capital.
“Greg’s achievements in helping establish BennBridge in London, and introducing our boutique partnership model to a new market, have been tremendous – particularly at a time of significant business and economic uncertainty in the UK,” Mr Bingham said.
“In his new role in Australia, he will work closely with me to help Bennelong achieve its strategic and financial goals as we move into the next phase of our growth.”
Bennelong Funds Management develops and distributes actively managed equity funds, offering high-grade service and investment solutions to institutions, financial advisers and direct investors.
Bennelong is part of the BFM Group, an investment company that partners with 12 boutiques across the globe investing in Australian, UK, Asian and global equities; listed global infrastructure and real estate; and global emerging markets. Outside Australia the Group operates as BennBridge, with a presence in the UK and US.
The BFM Group is owned by the Bangarra Group, a private family office.