Yarra Capital Management names new Senior Investment Manager

Yarra Capital Management has announced the appointment of Phil Strano as a senior investment manager in the fixed income team, effective May 2017.

Strano will join from Victorian Funds Management Corporation (VFMC) where he has spent eight years in senior roles managing credit portfolios. He is currently VFMC's senior credit portfolio manager and will depart from this role on 7 April 2017.

Previously, Strano spent approximately four years with Challenger as a senior analyst and portfolio manager after more than 10 years at NAB, working first as an economist and analyst before moving into the institutional banking team to cover credit.

Commenting on his appointment at Yarra Capital Management, managing director, Dion Hershan, said: "Since Yarra Capital Management's formation in January we have been looking at a range of opportunities to add to the strength of the investment team, particularly in relation to our fixed income offering where we see significant potential to expand the breadth of our products and strategies."

"We are delighted that an investor with Phil's experience and track-record has chosen to join Yarra Capital. He is a highly regarded corporate credit specialist and his appointment will add significant weight to the firm's fixed income and Australian equities capabilities."