Pengana Capital has hired John Hamer to its institutional business team.
As an executive director, Hamer will be responsible for growing the firm's institutional client base.
Hamer previously worked at Nicholas-Applegate Capital Management as a senior vice president. He left in June after the firm decided to close its Australian office.
He has worked in the financial services industry for 20 years. He has also worked for Suncorp Investment Management and Challenger Financial Services.
"John's experience and understanding of the institutional market will provide a significant boost to Pengana's future growth prospects in Australia," Pengana Capital head of distribution Denis Carroll said.
The firm has a number of funds focusing on Asia, Australian equities, global resources and volatility.
In May 2009, the firm closed the Pengana Property Securities Fund due to issues in the Australian market.
