Mr Groves replaces Peter Hall, who resigned from his position with the company last week, and who announced his resignation as chief executive and chief investment officer of parent company Hunter Hall Limited in December 2016.
According to the Hunter Hall website, Mr Groves has 25 years’ experience as a company director, including 15 years within the financial services sector, and has previously worked for Equity Trustees.
Mr Groves was a non-executive director with Hunter Hall Global Value prior to his appointment, but is listed as “an alternate director for Peter Hall” for the company.
Last week, Hunter Hall Limited also announced Paula Ferrao and James McDonald would take over as interim chief executive and interim chief investment officer respectively.
Since the resignation of Mr Hall, diversified investment house Washington H. Soul Pattinson (WHSP) has acquired a 19.9 per cent stake in the company, and have recently issued a bidder’s statement to the ASX in a take-over bid.
WHSP chief executive Todd Barlow told InvestorDaily the company was interested in Hunter Hall Limited due to its “index agnostic, absolute-return style” investment strategy.
