Lonsec has expanded its Sydney-based institutional broking division with three senior resources specialists.
Rod Clarkson, Tim Gerrard and Colin McLelland were previously part of the Investec Equities team in Sydney.
They will be responsible for a range of services for institutions and corporate clients including institutional research on resources companies, equity capital market raisings for mining companies, as well as dealing and execution services.
“They are a very highly regarded team and the appointment reaffirms our commitment to our institutional clients,” said Lonsec Fiscal group managing director Jason Clarke.
Lonsec stockbroking chief executive David Wylie said the collective knowledge and experience of the new team would allow Lonsec to strengthen its reputation in research, equity capital markets and its execution services.
This experienced team makes a fantastic and highly complementary addition to our existing institutional broking division,” said Mr Wylie.
Mr Wylie said the industry is generally reducing its dealings with the mining sector, and that the new appointments provide Lonsec with the perfect opportunity for Lonsec to further enhance its broking capabilities.
Mr Clarkson has 35 years of experience within the securities industry and most recently performed a role as managing director of Investec Securities, where he was responsible for specialist resource broking.
Former Investec director Tim Gerrard has been in the equities market for almost 30 years, researching the Australian resources market including gold, metals and diversified sectors.
Mr McLelland has previously worked as a senior consultant for a top-tier operational consulting firm and as an equities analyst at Investec.
CFA Societies Australia has rolled out a raft of appointments to its Sydney and Melbourne boards, including the head of Macquarie Investment...