GROWING from $3 billion in 2018 to $8 billion today, Charter Hall Direct is expanding its distribution team with new appointments.
The new appointments include Renee Oldfield, Paul Ramsay, Mark Weingarth, Craig Harding and Marco Triani.
“Our investment in growing the distribution team reflects the strong demand for Direct’s leading unlisted property funds and a record year of capital inflows into our suite of funds,” said Steve Bennett, CEO of Charter Hall Direct.
Oldfield is joining Charter Hall as state distribution manager for Western Australia and South Australia, after more than 20-years in the industry including advising in equity markets, property funds management cash and fixed income markets at institutions such as Macquarie Bank, Aspen Group and FIIG Securities.
Ramsay joins as state distribution manager for Victoria and Tasmania and will be based in Melbourne. Ramsay was previously at Franklin Templeton as a key account manager and also brings over 20-years of experience, including as national manager-strategy investments at Australian Unity Wealth.
Weingarth has been appointed as state distribution manager of New South Wales, coming from Macquarie Group, where he worked in sales and distribution strategy for digital portfolio management and managed accounts.
Harding and Triani will also join the distribution team after more than five years in other roles at Charter Hall.
Harding will serve as business development manager for Queensland and the Northern Territory, while Triani will become key account manager and will be based in NSW.
“The state-based distribution team is designed to better service our growing adviser community in all states and territories. Having our team located close to our clients means we can work collaboratively together to further enhance client outcomes in terms of both service and product offerings,” said Scott McLennan, head of distribution at Charter Hall Direct.
In August, Charter Hall posted a FY21 statutory profit of $467.8 million, from $345.9 million in FY20, following a year of record capital inflows, gross transactions and funds under management growth.
“As the head of Distribution, Scott is responsible for the expansion of the distribution team in each of the states. Scott has been with Charter Hall for five years and is well-positioned to lead the team in further growth out of our Sydney office,” concluded Bennett.