Quay Street adds to team

QuayStreet Asset Management has appointed an independent chairman and head of distribution.

Monday, April 29th 2019, 11:05AM

David Buell

Mike Allen takes the chair and David Buell the distribution role.

Since launch five years ago, QuayStreet's funds under management has increased to $870 million. It plans further growth in retail and wholesale markets.

Allen, currently a professional director with roles in New Zealand, Australia and UK, has more than 25 years of board representation and experience across investment banking, direct investment and general management. His previous positions include director on the Board of Tainui Group Holdings, Coates plc and China Construction Bank.

“The new appointment to the QuayStreet Board will add new skills to the management of QuayStreet," said Frank Aldridge, the fund manager's director.

Allen said he was excited about the opportunity to expand "an already credible investment management platform".

"QuayStreet has grown significantly in size over the last few years, which represents a commitment to high quality investment outcomes for their clients and for the market in general. QuayStreet, although a standalone business, has all the compliance, governance and operational infrastructure provided by the larger parent company Craigs Investment Partners, giving clients confidence that best practise is followed."

Buell joins from AMP Capital, where he was retail associate director and business development manager.

“Our tight knit team has been together for a long time, and we are all very focussed on fund performance. David’s background will add a fresh perspective and new skills to the team," said investment manager Andrew South.

Tags: QuaySt