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Wingate Group Holdings (Wingate) and Wingate Asset Management are pleased to announce that its boutique funds management business, has been re-branded as ‘Talaria’ and is now majority owned by its executive team as part of a restructure announced earlier this month.
The ownership restructure is the next step in Talaria’s strategic evolution as an independent and specialist international equities manager. The restructure 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.
The new Talaria ownership model is considered best practice around the world for boutique fund managers by putting the equity into the hands of the management team and investing in the intellectual capital of the business.
Talaria has appointed Martin Hudson as chairperson. Mr Hudson has over a decade’s experience as chairman and non-executive director for a range of ASX listed companies and was a partner at Herbert Smith Freehills for 25 years, including managing partner of the Melbourne practice.
Wingate Director of Corporate Development, James Brest, said Wingate looks forward to continuing to partner, support and build on over a decade of history with the Talaria team as it enters this exciting new phase. Mr Brest will serve as a Director on the Talaria Board.
Wingate one of Australia’s leading private market investment houses, whose success has been built on its ethical approach, deep capabilities in debt and capacity to inspire trust in partners, will continue to specialise in property, consumer finance and corporate investments.