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Pelorus boosts funds management staff

Hires follow acquisition

By Christine St Anne
Thu 26 Nov 2009

Property group Pelorus has hired three people to its funds management business.


Pelorus Property Group has appointed three people to its funds management business.

The firm has hired Judith Ryan and David Mackey as joint heads of funds management and Craig Williams as head of operations.

Williams and Mackey come to the business following the acquisition of Tankstream Funds Management (TFM) by Pelorus in August.

Mackey previously worked at TFM as a director and has more than 21 years' experience in the property industry.

Williams also worked as a director with TFM and has worked for 25 years in the real estate sector in Australia and Asia.

Ryan previously worked with BDO Chartered Accountants as a partner. In that job she advised retail and wholesale investors on transactions in the listed and unlisted property sectors.

In the past five months, Pelorus has beefed up its funds management business. Along with the acquisition of TFM, the firm also bought Reed Property Trust.

The firm has $22 million in funds under management.

"Pelorus has a solid platform of growth and we look forward to the future with confidence and optimism," Pelorus managing director Stuart Brown said.

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