The Board is pleased to announce the appointment of Laurence Parisi to the role of Chief
Executive Officer (CEO) of Eildon Capital Group (the Group) commencing 1 May 2022.
Laurence has been Chief Operating Officer since November 2020, has been responsible for
the day-to-day management of the Group and was instrumental in the acquisition of Eildon
Funds Management Limited (EFM).
Laurence brings considerable expertise in property funds management to the Group. He has
previously been Chief Operating Officer of APN Property Group and fund manager of Industria
REIT, an ASX listed property trust. Laurence also has extensive experience in REIT research
gained in roles with Goldman Sachs and Citi Group.
Laurence stated: “I am excited and grateful about the opportunity to lead and grow Eildon
Capital Group. Since joining the Group I have been struck by the culture and attitude of the
team and this will continue to be the key driver of our success.
Our flexible platform, which includes our corporate balance sheet and discrete investment
funds, offers property-based debt and equity opportunities to investors consistent with our core
investment philosophy of building partnerships, strong risk-adjusted returns and a focus on
capital protection. This approach and the flexibility of our funding is unique in the ASX-listed
space and puts the Group in a strong position to continue its growth in the periods ahead.”
The key terms of Laurence’s employment contract are outlined in Appendix 1 of this
announcement.
Managing Director
The strategic appointment of Laurence to CEO results in Mark Avery stepping down as
Managing Director of the Group and transitioning to a non-independent director. Mark was
appointed as Managing Director of Eildon Capital Limited and Eildon Funds Management
Limited prior to the Group’s ASX listing in February 2017.
Considering Mark’s deep market knowledge and general insights, his experience will continue
to be an asset and at a board level he will provide guidance for the development of the Group’s
existing and future funds management and investment activities.
The Board would like to thank Mark for the considerable effort he has invested in taking the
Group to where it is today and looks forward to his continued input to the business.
Independent Director
The Board is also pleased to announce the appointment of Matt Reid as an independent nonexecutive director. Matt is a highly experienced finance and real estate executive having
previously held senior roles at PwC Real Estate Advisory and Becton Property Group. Matt is
a qualified Chartered Accountant and a member of the Australian Institute of Directors. Matt is
also:
• a Director of Arrow Funds Management Limited, a funds management business focussed
on agri infrastructure investment; and
• a Member of the Advisory Board of Bayley Stuart Capital, a funds management business
focussed on office investment.
The Board is excited about the appointment of someone of Matt’s calibre and is looking forward
to working with him in supporting the growth of the Group. Matt will also Chair the Audit and
Risk Committee in place of Michelle Phillips who will continue as a member of the Committee.
The Board now comprises an Independent Chairman, two Independent Directors and one Non-Independent Director (as ‘independent’ is defined in the ASX Corporate Governance
Principles).
This announcement has been authorised by the Board for release
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DYOR
i do not hold this share , but it did come up on one of my scans
below $1 for me ( maybe )
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