MA Financial appoints new exec to support growing | Australian Markets

ASX-listed different asset supervisor MA Financial Group has appointed a new senior director for distribution chargeable for managing rising demand from financial intermediaries and household workplaces in Australia.

Seasoned wealth industry supervisor Renee Oldfield will assume the new government director position within MA’s Asset Management business, tasked with managing key stakeholder relationships in Western Australia and South Australia.

Oldfield will probably be primarily based in MA’s Perth workplace.

MA Financial Group’s head of home distribution Lee Hayes mentioned the new position represents the “growing demand for alternative investments from our clients, and is a critical step in building out our distribution capabilities to ensure client coverage across the country.”

The firm, headquartered in Sydney and specialising in non-public credit, masking real estate lending and hospitality investments, recognised Oldfield’s “considerable experience across real estate, private credit and fixed interest”.

Hayes added that she was “delighted” to welcome Oldfield, an skilled distribution supervisor, to the firm.

“Her extensive and relevant experience and knowledge in addition to her exceptional relationships will be valuable to both our team and our clients across the region.”

Oldfield joins from MA Financial from Charter Hall, the place she served a number of regional distribution supervisor roles masking a number of Australian states, together with most just lately as WA state lead, throughout her more than four-year tenure with the property specialist investment firm.

Previously, she was National Distribution Director at boutique property investment firm Acure Asset Management Limited. Across her more than 25-year profession in financial providers, Oldfield additionally held roles at FIIG Securities, Aspen Group Limited and Macquarie Group.

MA Financial oversees $10.3 billion in belongings, lending upwards of $139 billion in managed loans.

The company has workplaces throughout Australia, in addition to in China, Hong Kong, New Zealand, Singapore and the United States, a longstanding enlargement precedence, with more than 700 staff.

The appointment of Oldfield, MA famous, follows a number of current milestones for the group, together with the launch of its inaugural ASX-listed non-public credit fund the MA Credit Income Trust, and its current partnership with Warburg Pincus to launch a more than $1 billion Real Estate Credit Vehicle.