Adam Sferruzzi is based in Adelaide and will report to chief investment officer Will Riggall.
He previously spent 18 years as a corporate and private bank financial adviser at ANZ and Westpac and has been managing $170 million for high-net-worth clients. He also spent 20 years as an Army Reservist as a bombardier.
In the new role, he will enhance the management of Clime’s International Fund, which manages over $70 million, and broaden the capabilities of its separately managed accounts.
The Clime International Fund was launched in 2014 and aims to provide consistent capital growth and income over the long term by providing investors with exposure to international share markets.
Michael Baragwanath, managing director of Clime IM, said: “This position doesn’t just demonstrate our commitment to establishing a presence in every state; it’s an investment in growing talent and cultivating a challenger mindset across the business.
“Adam is a strong communicator, deep thinker and disciplined investor. He served for 20 years as an Army Reservist bombardier, firing howitzers and mortars, so we know he can think and execute under pressure. We are excited to leverage his analytical and strategic skills in our international equities offering.
“We’re confident that Adam’s meticulous attention to detail and disciplined approach will help us identify opportunities and manage risks in global markets.”
The firm has stated it wants to have a presence in every capital city, as it currently holds offices in Sydney and Melbourne.
Earlier this month, the firm appointed two individuals to its operations team focusing on managed funds.
Matt Deane joined Clime as its operations manager for managed funds and market assets, joining from Fidelity where he was the senior operations manager for exchange-traded funds for almost four years and previously worked at multi-asset brokerage Invast Global.
The second appointment was Anshul Thapar who was appointed as the operations manager for off-market and direct assets. He previously spent two years at margin lender Leveraged Equities and two years at Ord Minnett.
