Boutique fund manager Glennon Capital has appointed Tim Powditch as a small and mid-cap portfolio manager.
Tim Powditch joins Sydney-based boutique Glennon Capital from Bligh Capital, and has 10 years' experience in portfolio management roles at BNP Paribas and Citigroup.
Glennon Capital chief investment officer Michael Glennon said Mr Powditch's "wealth of experience and industry knowledge" make him a key addition to the team.
"Tim is a skilled stock picker and previous portfolio manager with a history of identifying stocks trading below their intrinsic value and a welcome addition to the team," Mr Glennon said.
"He brings a research approach consistent with Glennon Capital and breadth of experience that will complement the research capabilities of the investment team."
For his part, Mr Powditch said, "I am excited to be joining the Glennon team, and keen to focus on my core skill, identifying small and mid-cap stocks that the market has miss-valued."
The appointment is effective immediately.
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