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Managed accounts group boosts distribution team

The managed accounts provider has added two new executives from major institutions to its distribution team as it positions for further industry growth.

In a statement, Implemented Portfolios said it had appointed Laura McInerney and Kieran O’Halloran as executives within its partnerships and distribution team, reporting to head of partnerships and distribution Phil Pilgrim.

Ms McInerney began her career as a client service associate with Macquarie Bank and had also recently held roles as a client relationship manager with Private Portfolio Managers and a relationship manager for NSW and Queensland with managed accounts platform Xplore Wealth.

Meanwhile, Mr O'Halloran had most recently been a business development associate with MLC Asset Management and had also held several roles across NAB's wealth and platforms businesses.

Further, the group said it had also added to its portfolio management team with the appointment of Anton Hermanto as custody and administration manager.

Mr Hermanto had most recently worked in transition management services at Colonial First State and had also held investment operations and custody roles with Nikko Asset Management and JP Morgan.

Implemented Portfolios executive chairman Greg Kirk said the new appointments would further strengthen the group's capability as managed accounts growth continued to soar.

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“In regard to the appointments of Laura and Kieran, it is exciting to witness what was not long ago a one-man distribution team evolve into a team of five, which we believe is a demonstrated reflection of our company’s continued progress," Mr Kirk said.

“What we are seeing in the industry right now, particularly within managed accounts, is an increasing shift towards delivering a more personalised investment experience to investors based on individual preferences and values, and our service enables advisers to provide this individualisation to their clients at scale.

“The new additions to our teams will assist in servicing this growing clientele and supporting the financial advisers utilising our service.”