IPO Wealth has appointed experienced financial services executive Ewan Laughlin as chief executive officer to oversee the business’ next phase of growth.
The investment management business recently surpassed $80 million in capital raised from Australian wholesale and sophisticated investors in less than two years for its IPO Wealth Fund.
READ: IPO Wealth Fund passes $75 million in capital raised as investors seek cash alternative
As the fund advances towards the $100 million milestone, Mayfair 101’s managing director James Mawhinney said Laughlin was the right person to grow the business.
Independent boutique investment bank Mayfair 101 oversees Melbourne-based IPO Wealth.
Mawhinney said: “Ewan brings to IPO Wealth a proven track record of 28 years’ experience in financial services across institutional banking and corporate finance.”
Institutional banking experience
Laughlin joins IPO Wealth from Commonwealth Bank of Australia (ASX:CBA) where during his tenure of almost 10 years he implemented more than $1 billion in financing solutions for clients and significantly built the bank’s business division.
Prior to this role, Laughlin was associate director, Institutional Banking, at National Australia Bank Ltd (ASX:NAB), where he was engaged in significant transactions with some of the leading brands listed on the ASX 200.
The CEO appointment comes as UK-based Mayfair 101 continues to focus its investments in overseas and emerging markets, where the group claims yields are higher and economic conditions are more favourable.
Laughlin said: “Having seen IPO Wealth develop over the past year I am delighted to be leading the team through this next phase of growth.
“We have some exciting developments in the pipeline that will benefit existing and new investors seeking consistent income from their investments, which has historically been hard to find in traditional cash products.”
Laughlin holds a Bachelor of Economics Honours from La Trobe University and a Master of Applied Finance from the Graduate School of Business at Macquarie University.