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Wheelhouse Partners Appoints Head of Distribution

Brisbane, 30 September 2022

Australian specialist income manager Wheelhouse Partners (Wheelhouse) has announced the appointment of Wayne McGauley as Head of Distribution.

In the newly created role, Wayne will be responsible for driving the growth of Wheelhouse’s Global and Australian Equity capabilities. He will focus on key accounts, research relationships, asset consultants, independent financial advisors and private wealth as Wheelhouse continues to build its base across the Australian Wealth Management market.

Mr McGauley brings 25 years’ experience in distribution, most recently at Investors Mutual Limited (IML) where he served as Head of Retail for 13 years and was responsible for setting and executing the IML Retail Strategy. Throughout his 17 years at IML he gained vast experience across all segments of the Wealth Management market.

Alastair Macleod, Wheelhouse Managing Director and Portfolio Manager, said, ”Wayne’s appointment is a significant milestone in Wheelhouse’s journey as a truly independent asset manager. Since launching our first global income fund five years ago, we’ve affirmed our lower risk and income generative approach and are excited to be building a dedicated distribution capability with Wayne’s direction and support. He brings tremendous wealth experience, knowledge and investor understanding, and we’re thrilled to be working with him as we continue to grow and expand.

Commenting on his appointment, Mr McGauley said, “I’m delighted to have been given the opportunity to build out the distribution capabilities of Wheelhouse. What attracts me to Wheelhouse is the expertise within the investment team and the refreshing different approach to managing specialist income strategies across both Global and Australian Equities.

“Having spent 25 years in distribution I understand clearly the needs of retail investors and I am confident in Wheelhouse’s capabilities to deliver consistent and growing income over time, through a systematic process that consistently prioritises risk management. ‘No surprises’ is key for me when it comes to investment returns and I share Wheelhouse’s intense focus on delivering reliable investor outcomes.”

Mr McGauley’s Head of Distribution role is effective 1 October 2022 and based in Brisbane.

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