Michael Dwyer joins Msquared
Msquared Capital has bolstered its advisory committee with the appointment of Michael Dwyer who has been a central figure in the superannuation industry for the last 30 years.
Dwyer spent more than 14 years as chief executive of First State Super until he retired in 2018.
With the industry veteran at the helm, the super fund grew from $9 billion to $95 billion after merging with merged with Health Super and acquiring StatePlus.
Earlier Dwyer was the general manager of Asset Super, which became CareSuper, and held board roles with the Association of Super Funds of Australia and Fund Executive Association.
In these roles, he oversaw major industry changes, including massive growth, successful mergers, public offer status, and the rise of financial advice.
Current directorships include TCorp, the New South Wales government's investment and financial management partner.
He also chaired the boards of Bennelong Funds Management and ASX-listed Iress Ltd.
Msquared Capital managing director Paul Miron said: "Michael's expertise will be invaluable to us as we continue to provide our investors with high-quality, risk-rated monthly returns.
"His knowledge of financial markets and investments is truly immeasurable. His advice and input will be integral in this next phase of our business growth."
Commenting on his appointment Dwyer said: " I am pleased to be working closely with the Msquared Capital team during this pivotal growth phase.
"The private credit space presents significant opportunities and it's encouraging to see Msquared Capital capitalise on this sector growth to deliver attractive risk-rated returns for their clients."
High-profile corporate lawyer Mark Hickey has also joined the advisory committee.
Hickey has over 30 years of experience specialising in corporate M&A transactions, equity capital markets and real estate projects in Australia and internationally.
He was formerly chairman of DWF, a leading global provider of integrated legal and business services.
Msquared Capital said Hickey's legal expertise across various real estate projects will be instrumental as the firm continues to expand and diversify its offering.
"Observing the burgeoning private credit market overseas, it's evident there is substantial potential for the sector in Australia, not only in terms of investment opportunities but also in raising awareness about the significant potential for borrowers," Hickey added.
The private credit fund manager recently appointed Greg Thomas and Michael Volkiene as its chief operating officer and general manager, loan origination and credit, respectively.
Thomas joins from Bangarra Family Office, where he served as chief executive.
Meanwhile, Volkiene arrived from fintech and professional services group idutch where he also served as its chief executive.
The appointments comes at a time when private credit markets are booming.
The burgeoning private credit sector is the fast-growing area of the alternatives market, with direct lending the biggest part of the asset class.
In the past two years, the firm said it has experienced growth of nearly 60 per cent driven by investors looking for reliable monthly income and borrowers needing flexible and nimble alternatives to traditional debt solutions.
