Magellan Financial Group is expanding its team of business development managers after its funds under management recently surpassed the $1 billion milestone.
Magellan will also open a new representative office in Brisbane next month.
The office's first hire is Rob Martin, whose role is key account manager for Queensland.
Martin was previously at Colonial First State for the last 10 years, where he held several senior roles and was responsible for promoting CFS's internal and alliance investment products.
He starts on 9 August and will be responsible for distributing Magellan's flagship Global Fund and Infrastructure Fund to financial planners and institutional investors in Queensland.
Damian Craven has also been recruited to Magellan's Melbourne office as a key account manager.
Craven has 15 years of financial services industry experience and joins from Macquarie Group.
He was at Macquarie for 10 years distributing cash and administration solutions to advisers and accountants in the southern states.
Craven will also be responsible for distributing Magellan's products in South Australia.
Magellan also plans to open up a new representative office in New Zealand by December to distribute its key products to financial planners and institutional investors in the country.
