James Waterworth has been announced as the new head of distribution for La Trobe Financial’s asset management division, after moving from his previous role at BlackRock Australia.
The company said his appointment comes at an opportune time, following the successful launch of the La Trobe Private Credit Fund (ASX: LF1). The fund’s initial public offering (IPO) exceeded its initial target, raising over $300 million.
Waterworth brings over 20 years of experience across investment management and client distribution strategy to the firm.
“I am excited to be joining a high-performing team that is well-positioned to thrive in a rapidly evolving investment landscape. I look forward to contributing to the firm’s continued growth and success,” he said.
Waterworth’s appointment follows the addition of two senior executives in April, as La Trobe Financial continues to expand its investment offerings and strengthen its senior leadership team.
Commenting on his appointment, Chris Paton, chief investment officer of La Trobe Financial, said Waterworth brings a “rare combination of strategic insight and hands-on experience.”
“His appointment supports our ambition to further scale our distribution platform while continuing to deepen relationships with clients and partners both in Australia and globally.”
The firm currently manages over $20 billion in assets under management, working across a diverse client base including major institutions, domestic and international banks, family offices, high-net-worth individuals and retail investors. It has a key focus on providing Australian real estate private credit products.
The firm’s retail asset management business is spearheaded by the La Trobe Australian Credit Fund, which has nearly $13 billion in assets under management, according to the manager – making it the largest retail credit fund across Australia.
