Adelaide-based Argo Investments has announced a number of executive management changes on the back of the forthcoming retirement of the company's longstanding managing director, Rob Patterson.
Argo associate director and chief investment officer Jason Beddow will take over the position of managing director. Beddow joined Argo's Sydney office in 2001 as an investment analyst, following two years as an equities research analyst with Hartley Poynton.
Chris Hall, who has been with Argo since 2003 when he joined as an investment executive, will move from the position of investment and business development associate director to the role of senior investment officer. Prior to joining Argo, Hall was a senior portfolio manager and national asset manager at JB Were Investment Management.
Brenton Aird, currently Argo's chief financial officer and company secretary, will become chief operating officer. Aird has been with Argo since 1986 in a variety of roles.
"These appointments, which are effective from 31 March 2010, recognise the very high competence and skill levels of our senior executive team," Argo chairman Chris Harris said.
Patterson will retire at Argo's annual general meeting in October after 40 years with the listed investment company.
