Glennon Capital Appoints Chief Operating Officer (ASX:GC1)
Boutique Australian equities manager, Glennon Capital, has appointed a new Chief Operating Officer.
Formerly the Head of Client Services at Paradice Investment Management, Tarren Summers joins the company with experience in equity funds, LICS’s, Responsible Investment Funds and operational management and institutional distribution.
Commenting on the appointment, Glennon Capital’s CIO and founder Michael Glennon said he was “extremely pleased” to have Mr Summers on board.
“He brings a wealth of experience to the firm, and has worked previously with both Portfolio Manager, Tim Powditch, and myself [CIO, Michael Glennon].
“Tarren is responsible for implementing, and contributing to the determination of, the business’s operational and strategic objectives and distribution of the investment capabilities. An important part of Tarren’s role is to ensure that the investment team have all the resources required to perform their function without distraction, while also ensuring that investors are well informed about their investments,” Mr Glennon said.
Glennon Capital has a strong presence in the retail market for small cap investment strategies and will expand these capabilities into Responsible Investment Funds and tailor the offering for institutional clients.
“Glennon Capital takes an active approach to ensuring that the companies that we invest in are compliant and maintaining or improving corporate ESG”. Tarren Summers said of the active approach to ESG at Glennon Capital.
Tarren began his career at Mercantile Mutual in Client Service’s before moving to London and working in transition management for Merrill Lynch. Recent roles include working at PM Capital Ltd for over eight years as the Portfolio Analyst with responsibility for ESG analysis and investment analytics. Tarren worked with Investors Mutual where he was the Senior Analyst responsible for research data and communication. He joined Paradice Investment Management as the Head of Client Services. He holds Bachelor of Science from the University of New England and a Diploma of Financial Planning.
About Glennon Capital
Glennon Capital is a boutique investment manager based in Sydney, Australia. The company was founded in 2008 to offer investors the opportunity to co-invest along with the principals of the firm in investments for long term capital appreciation while delivering income at the same time. The principals of the firm have a significant portion of their wealth invested in the same strategies as those available to our clients. What we do with our client’s investments is the same as we do with our own. There is a strong focus on capital preservation and risk control. We treat our co-investors as our business partners and we strive to communicate and inform our clients about our views on markets, companies and the thought process behind our investment decisions.