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Wingate Asset Management relaunching
InvestorDaily
An ownership restructure of the Wingate Group has resulted in a relaunch of Wingate Asset Management. The new management firm will be renamed Talaria and it comes after the executive team of Wingate Asset Management acquired the majority of the equity stake from Wingate Group. The executive team now owns 70 per cent of the business while Wingate Group retains 30 per cent.
The new chief executive of Talaria Jamie Mead said the buyout was the final step in the evolution to become an independent management owned asset manager. “This restructure of ownership positions the business to fully capitalise on future opportunities for growth and performance, by bringing about the complete alignment of interests of the key executives at Talaria, with its investors,” he said. In the restructure, Talaria has also appointed former managing partner of Freehills Martin Hudson as chairperson.
The rest of this article can be found at investordaily.com.au.
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