Australia's Bennelong opens office in New York

Pedro Gonçalves
clock
Australia's Bennelong opens office in New York

Bennelong Funds Management, an Australian fund manager, has launched a new subsidiary in the US with plans to distribute a number of its existing investment funds to institutional investors.

The new subsidiary, BennBridge US, has appointed Barbara Safranek as president, who will head up the company's newly established office in New York. In her new role, Ms Safranek will build and develop strategic relationships within the industry and oversee institutional distribution.

According to Bennelong CEO Craig Bingham, the expansion is in response to rising demand among North American investors for the firm's strategies.

The initial focus will be on Pembroke Emerging Markets, Quay Global Investors and 4D Infrastructure’s strategies, and we have already seen strong interest from financial institutions in the US for these"

"The initial focus will be on Pembroke Emerging Markets, Quay Global Investors and 4D Infrastructure's strategies, and we have already seen strong interest from financial institutions in the US for these."

Bingham also unveiled plans for more hiring in the US as the subsidiary strengthens its presence in the market.

The launch of the US subsidiary comes two years after the establishment of Bennelong's UK unit.