Private Portfolio Managers targets IMA offering with new appointment

Sydney-based Private Portfolio Managers (PPM) has added to its portfolio management team with the appointment of Ian Hardy, who will specialise in bespoke individually managed accounts (IMAs).

Hardy makes the move from Centric Portfolio Managers, the IMA division of Centric Wealth, where he held the role of chief investment officer and oversaw $300 million in funds under management.

PPM director Hugh MacNally said Hardy's investment philosophy was closely aligned with PPM's, and involved adopting a long-term approach and selecting a small number of exceptional companies.

"This long-term approach has resulted in a cumulative outperformance of the benchmarks by over 178 per cent after fees since inception for PPM's growth managed accounts," MacNally said.

Hardy also worked at Halliday Financial group before it was acquired by Centric Wealth. He developed the IMA offering of both companies.

"Combined with our 15-year track record in managing IMAs, Ian's experience will ensure PPM remains a leader in managed accounts and servicing the investment management needs of successful individuals, families and charities," MacNally said.