Bennelong Funds Management (BFM) has expanded its board with the appointment of two new non-executive directors.
Stephen Rix and Elizabeth Flynn will join the board at the end of November, bringing with them a wealth of industry experience to the rapidly growing boutique, which surpassed $1 billion in funds under management during October.
Rix brings to the position broad experience at director level with a wide range of financial services businesses, including investment banking, private equity and infrastructure operations.
He has held various financial management roles, including executive positions with PriceWaterhouse, Merrill Lynch and Hambros Australia Group.
Rix will be able to bring valuable insight to BFM’s compliance function, with past experience on various compliance, audit and risk committees.
Flynn brings to her position 30 years’ experience in financial services, technical and practical skills across relevant areas of law and corporate governance, as well as hands-on executive experience.
She has held previous roles at Minter Ellison and the Financial Services Council, and was most recently employed as Aviva Australia’s chief legal counsel and group company secretary, where she managed the legal, compliance and company secretarial functions.
The expansion of BFM’s board, which follows the appointment of Bruce Loveday as chair in July, coincides with the group’s recent growth, BFM chief executive Jarrod Brown said.
“This is a small but significant milestone for the group, which has been achieved in quite a short period of time and in a challenging environment,” he said.
“It definitely establishes a robust foundation for the continued growth of the business and its suite of asset managers.
“We’re obviously very pleased the business has attracted directors of Stephen and Elizabeth’s calibre.”
