Prime Value Asset Management appoints former Christian Super CEO Peter Murphy
Announcement posted by Prime Value Asset Management 21 Feb 2019
Boutique fund manager, Prime Value Asset Management, has appointed former Christian Super CEO, Peter Murphy, to an expanded client services team as the manager targets institutional investors via several alternative asset funds.
Mr Murphy spent almost a decade as CEO of Christian Super, during which time the Fund received several awards and experienced top quartile growth among Australian superannuation funds, with funds under management increasing by 175% and net membership by 65%.
His extensive governance experience includes stints on Macquarie Cleantech Fund’s advisory committee, and the Australian Committee of the United Nations Principles of Responsible Investment.
Mr Murphy currently holds other roles including Director and Secretary of the Responsible Investment Association of Australasia, and Chairman of the Impact Investment Forum.
He said Prime Value is sharpening its institutional focus after launching several alternative investment options including enhanced cash, agriculture, infrastructure and mortgage funds. “Prime Value’s product suite is wonderfully aligned to the institutional space, particularly those investors considering impact”, Mr Murphy said.
“Prime Value has strong integrity all the way through the business, from CEO Yak Yong Quek to Chairman John Sikkema to all the asset managers.
“It’s a best kept secret in institutional circles at present but has some compelling funds. For example the Prime Value Cash Plus Fund, led by the talented Matthew Lemke, which has quietly performed strongly for nearly five years.”
Prime Value has also boosted its client services team, appointing Andrew Russell as Relationship Manager. Mr Russell brings 25 years’ experience in working with not-for-profits, business and financial services.
Prime Value CEO, Yak Yong Quek, welcomes the new appointments. “Peter Murphy understands institutional investors, he is cut from the same cloth and we think he will be a great asset to Prime Value.
“Andrew will be pivotal in looking after our retail, wholesale and institutional investors, and connecting with new investors.”
Boutique manager Prime Value Asset Management is part of an investment group including Shakespeare Property Group, managing more than $1.5 billion across equities, cash plus, direct property and agriculture investment.