Portfolio Manager Changes - 3rd February 2017

Portfolio Manager Changes - 3rd February 2017

The following portfolio management changes will be implemented from mid to late February 2017 with regard to the Platinum Trust Funds.  The progression of investment team members in the management of Funds has taken place over a number of years as we continue to bring through talented members within the team.

Platinum International Fund

The International Fund is currently co-managed with the following allocation:  Kerr Neilson Platinum’s CEO 70% and Andrew Clifford, Platinum’s CIO 30%.  The allocation will change to Kerr Neilson 50%, Andrew Clifford 40% and Clay Smolinski 10%.

Clay has worked with Platinum for 11 years, with eight plus of those years managing the European Fund as well as taking on global responsibilities by managing the global, Platinum Unhedged Fund from May 2014.

Clay Smolinski BCom (Murdoch University)
Clay joined Platinum in 2006 having worked as an accountant for Grant Thornton.  Clay joined as an analyst with responsibility for the services sector and worked on European stocks.  In 2009, Clay became portfolio manager of the Platinum European Fund and is also the sector leader for financials and services.  In 2014, Clay became portfolio manager of the Platinum Unhedged Fund and remained as co-manager of the Platinum European Fund until February 2017.

Platinum European Fund

Nik Dvornak who has been with Platinum for 10 years and has been a co-manager (50%) of the European Fund since 2014, will take over full management of the European Fund.

Nikola Dvornak MCom Hons (Melb), BCom Hons (Auckland)
Nik joined Platinum’s investment team in 2006 as an analyst.  Previously Nik held a variety of quantitative and economic analyst roles at APRA, Commonwealth Securities, Reserve Bank of Australia and Lateral Economics.  At Platinum, Nik is an analyst within the financials and services sector.  In 2014, Nik became co-manager of the Platinum European Fund (50%) and will take on full responsibility for the European Fund from February 2017.

Platinum International Brands Fund

The Fund will be co-managed by Simon Trevett 50% and Jamie Halse 50%.  Jamie has worked at Platinum for six years and has been part of the consumer team over this period.  The consumer sector will be headed by Jamie.

Simon Trevett BSc (Southampton), ACA, ACIS, ACIM
Simon joined Platinum in May 2002, having previously worked for three years at BT Financial Group as an International Equities analyst covering the Global Health Care sector.  Prior to joining the Finance industry, Simon spent twelve years working for leading Consumer Goods companies such as The Smiths Snackfood Company, Kellogg, John West Foods and Unilever, in mainly financial roles.  Simon has managed the Platinum International Brands Fund since 2002 and works within the consumer sector team.

James Halse LLB Hons, Master of Laws Hons (Auckland), CFA
James joined Platinum in 2011 having previously worked at CP2 (formerly Capital Partners) as an equities analyst and for Deloittes in New Zealand as a tax consultant.  At Platinum, James is the sector leader of the consumer team.

Platinum International Technology Fund

The Fund will be co-managed by Alex Barbi 50% and Cameron Robertson 50%.  Cameron has worked at Platinum for six years and has been part of the technology and communications team for over two years.  The technology/communications sector will be headed by Alex.

Alex Barbi BBus Adm Hons (Milan), Graduate Diploma Applied Finance and Investments (SIA)
Alex joined Platinum in August 1998.  He came to Australia in 1995 and initially worked as a manager for Coopers & Lybrand - Corporate Finance.  Previously he worked in corporate finance and funds management in Europe, having started his professional career as an investment analyst at Instituto Mobiliare Italiano.  Alex has managed Platinum’s International Technology Fund since 2003 and oversees the technology and communications sector team.

Cameron Robertson BSc Hons (USYD), CFA
Cameron joined Platinum in November 2010.  Previously he worked as an equities analyst for CP2 (formerly Capital Partners).  After starting with Platinum, Cameron worked within the resources and industrial sector, and from November 2014 within the technology and communication sector.