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MONEY MANAGEMENT

Antipodes Partners adds managing director

Andrew Findlay joined Sydney-based Antipodes Partners as a managing director to oversee the A$7 billion ($5.4 billion) global equity manager’s business activities.

The position is a new one at the firm. Mr. Findlay assumes those business oversight responsibilities from Jacob Mitchell, Antipodes founder and chief investment officer. Mr. Mitchell said in a news release that separating the investing and business functions will allow him to focus on “leading our growing investment team.”

Mr. Findlay moves to Antipodes from his role as a director with Pinnacle Investment Management Group, a Sydney-based multiboutique fund manager that holds a minority stake in Antipodes.

Pinnacle CEO Ian Macoun said in an emailed statement that his firm “won’t be replacing Andrew directly, but we’ll be adding several additional roles to help expand institutional and retail distribution, marketing and product development.”