Fund People Update

New Appointments

Kapstream goes for flatter company structure, loses head of credit, gains portfolio manager

Raymond Lee has been made redundant from his role as head of credit after a review at Kapstream Capital. A flatter, simpler structure across the credit function is the new preference. Lee spent almost a decade at Kapstream, with the past five years in the head of credit role, and has opted to leave the company rather than seek a new role within Kapstream. The investment committee will lose Lee, leaving just three members.

Mark Bayley is a new portfolio manager, named top credit analyst by Institutional Investor, Credit Magazine and CFO Magazine, Kapstream said.

AustralianSuper welcomes head of financial crime

Tom Garcia has been appointed head of financial crime, security and resilience at AustralianSuper. Garcia has been with AustralianSuper for several years, in the role of head of product.

Equity Trustees appoints new director

George Zielinski is now an independent director on the boards of Equity Trustees Superannuation Limited and HTFS Nominees Pty Ltd. Zielinski is currently the interim chief investment officer at Rest industry superannuation, and established Super Investment Management in 1997, bringing a wealth of experience in the financial services industry to the role.