La Trobe boosts senior ranks with high-profile | Australian Markets
La Trobe Financial has poached CBA alum and wealth industry veteran David Tagg to function head of investments, with the alternate options specialist signalling more senior hires to come back.
Tagg boasts more than 30 years within the wealth sector, together with his most up-to-date position as CBA’s head of investments and analysis, a position he held for more than six years, the place he oversaw in-house Australian equities management and fund supervisor companions.
He was previously the CBA Private Bank’s head of wholesale investments and chief investment officer.
Tagg is joined by La Trobe’s newly appointed head of product assist, Catherine Donatiello.
Donatiello was beforehand Macquarie Group’s affiliate director of product and tasks, overseeing product management operations for the group’s wrap platform. She served more than 18 years below the Macquarie group fold.
La Trobe stated the new hires “form part of a broader strategic initiative for the firm aimed at deepening its executive capability”.
Chief investment officer Chris Paton welcomed the appointment of Tagg and Donatiello, noting they “add to the scale and experience of our already highly respected executive group and position us strongly for the next phase of our growth”.
La Trobe boasts a crew of 540, with 80 people half of its asset management division. With the launch of its US Private Credit Fund (as half of its La Trobe Global Asset Management strategy) mid-last 12 months, the firm additionally welcomed seven new staff in FY24 to assist its growth strategy.
The firm, headquartered in Melbourne, at present oversees more than $20 billion in property below management (AUM), together with its flagship Australian Credit Fund, the most important retail credit fund in Australia with $13 billion in AUM.
La Trobe flagged that a number of further senior appointments will probably be introduced in coming weeks because the firm “continues its trajectory of sustained growth and expanded investment offerings”.
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