Wheelhouse hires former IML sales head

Wayne McGauley
Wheelhouse Investment Partners Pty Ltd - Head of Distribution
Date: 30 September 2022
Position: Head of Distribution
By Elizabeth Fry

Wheelhouse Partners, the specialist income manager, has appointed Wayne McGauley as head of distribution.

In the newly created role, McGauley will drive the growth of Wheelhouse's equity capabilities, focussing on key accounts, research relationships, asset consultants, independent financial advisors and private wealth.

McGauley joins from Investors Mutual where he served as head of retail for 13 years and was responsible for setting and executing the IML Retail Strategy.  He departed in April.

Throughout his 17 years at IML he gained vast experience across all segments of the wealth management market.

"Wayne's appointment is a significant milestone in Wheelhouse's journey as a truly independent asset manager," said Wheelhouse's managing director and portfolio manager Alastair Macleod.

"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 a tremendous wealth of 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, McGauley said he was drawn to Wheelhouse's expertise within the investment team and the refreshingly 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."

Wheelhouse has a dedicated focus on generating stable, reliable income, in addition to protecting, preserving and growing our investor's capital base.