Instreet hires ex-Macquarie managers to build national presence
16 February 2009Carey and Bransgrove, who are seasoned financial services professionals and were part of Macquarie’s structured products division, have joined Instreet as an integral part of a more concerted national push.
Carey will head the distribution of Instreet’s products to the financial services community in Victoria, South Australia and Tasmania, while the Brisbane-based Bransgrove will be responsible for Western Australia and Queensland.
Carey established the Victorian-based distribution team for Macquarie’s retail structured products. Before Macquarie, he was with boutique manager, Rural Funds Management, involved in specialist agri-business investments.
In 2007 he was awarded State Business Development Manager SA and National Boutique Business Development Manager of the Year. Carey comes to the financial services sector from the Australian Air Force, where he served as an officer for 10 years.
Before Macquarie, Bransgrove worked with worked with Great Southern and ANZ Bank.
Bransgrove was responsible for the sales and distribution teams in Queensland and Western Australia for structured products at Macquarie. She also took on the role as the National Account Manager, looking after the commercial relationships with national dealer groups before joining the Funds Management Group to distribute Macquarie’s Funds into QLD and WA.
Instreet managing director George Lucas welcomed Carey and Bransgrove to the team, saying: “We are pleased to have a people with such high calibre and in depth industry knowledge.. We think it’s the right time to expand nationally, as investors, while obviously cautious, seem ready to invest again in structured products.
“They are looking for simple structured products that they understand and I believe our funds fill that niche.”
“I am looking forward to Gabriel and Susanne’s contribution in the launch of our new product this month – Instreet Link S&P ASX200,” added Mr Lucas. “The investment aims to provide Investors with exposure to growth in the Australian share market in return for a one off upfront payment. The performance of the DPA is linked to the upside performance of the Australian stock market as measured by the S&P/ASX 200 Price Return Index ("S&P ASX 200 Index"). The investment is suitable for SMSF and has a short term of 2 years”.
