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Equity Trustees appoints head of fixed income

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Equity Trustees has appointed Lance Pupelis to the newly created role of head of cash and fixed income, following the company’s agreement to acquire 100 per cent of ANZ Trustees in April.

Mr Pupelis will be responsible for managing the development of an in-house capability in these categories to help ensure a smooth transition of existing investment mandates and portfolio from ANZ Trustees. 

He has 28 years of experience in financial services and funds management. 

His most recent role was head of fixed income at ANZ Trustees and he was head of fixed income at Aviva Investors Australia prior to that. 

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He also worked as director of fixed interest at Norwich Investment Management. 

Equity Trustees head of private wealth services Geoffory Rimmer said the appointment will help ensure business continuity for ANZ Trustees clients. 

“An internal cash and fixed income capability is needed to meet the requirements to take on the ANZ Trustees business,” said Mr Rimmer. 

Equity Trustees chief investment officer George Boubouras said Mr Pupelis has a successful track record in the roles he performed at ANZ Trustees, Aviva, Norwich and Portfolio Partners. 

“He has a proven ability to build new business opportunities such as managing the ANZ Trustees fixed income fund and winning multiple third-party mandates over many years at several organisations,” said Mr Boubouras. 

“He has significant asset allocation experience, including being the former chair of the Aviva Investors Australia Asset Allocation Committee and former member of the ANZ Private Bank Regional Investment Council, the peak asset allocation forum across Australia and the Pacific for the bank.”