Tyndall builds risk and compliance capability

EQT further strengthens mortgage team
May 24, 2011
Market correction provides opportunities for investors in Asian markets: Seres
May 31, 2011

In the first step of its strategy to build its business and administrative support capabilities following its acquisition by Nikko Asset Management, Tyndall Investments has established an enterprise risk, compliance and legal team.

In the first step of its strategy to build its business and administrative support capabilities following its acquisition by Nikko Asset Management, Tyndall Investments has established an enterprise risk, compliance and legal team.

Mr Craig Giffin has been appointed as head of risk, compliance and legal covering Tyndall’s Australian and New Zealand operations, and Mr Nathan Harris has been appointed as risk and compliance manager for Australia.

Mr Giffin has over 25 years’ financial services industry experience, most recently as executive director at Fortis Investment Management Ltd where he was responsible for its enterprise risk management, compliance and legal activities as well as the development of its Asia Pacific-wide enterprise risk program and overseeing its local product development. He has previously worked with ABN AMRO Asset Management, Barclays Global Investors and St George Bank in various senior risk management and compliance roles.

He is a member of the Australian Institute of Company Directors, the National Institute of Accountants, and is also an associate of the Financial Services Institute of Australasia. Mr Giffin holds post-graduate qualifications in management from the Australian Graduate School of Management.

Mr Harris has worked as an independent compliance and risk management consultant for over ten years, specialising in strategic advice and prudential program development and support for organisations in the financial services industry.

He holds a diploma in financial advice and is an associate of the Australasian Compliance Institute.

Mr Craig Hobart, managing director of Tyndall, said that the appointments are a significant step by Tyndall in establishing itself as an autonomous funds management business in Australia and New Zealand.

“The importance of risk, compliance and prudential management as a key differentiator in funds management is often underestimated, and recruiting executives who understand the regulatory, compliance and business framework we operate in was a strategic priority for us.

“We expect to be announcing other senior appointments as we continue to build an independent business in Australasia,” Mr Hobart said.

Tyndall Investments Australia offers Australian equities and Australian and global fixed interest funds to retail and institutional investors in Australia. It has over A$22 billion in funds under management (as at 31 March 2011). Tyndall Investments is a wholly owned subsidiary of Nikko Asset Management Co., Ltd., one of the largest asset management companies in Japan with approximately A$175 billion in funds under management (as at 31 March 2011).

-oOo-

For more information please contact:
Craig Hobart – 02 8275 3668

24 May 2011