Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Fundster Entrepreneur Anoints His First New Partner Tranche Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 10, 2018

A Fundster Entrepreneur Anoints His First New Partner Tranche

Reported by Neil Anderson, Managing Editor

The entrepreneur leading a fast-growing asset management startup is sharing the wealth with a first round of colleagues. Meanwhile, watch for the firm's distribution to expand in two key areas.

Rajiv Jain
GQG Partners
Co-Founder, Chairman, Chief Investment Officer
Last week Fort Lauderdale, Florida-based GQG Partners [profile] co-founders Tim Carver and Rajiv Jain revealed their first tranche of fellow employee partners at the two-year-old firm. The seven new partners are: Scott Blankenship, managing director, head of intermediary sales; Steve Ford, managing director of business development; Brian Kersmanc, analyst; Greg Lyons, general counsel; Rob Mathai, head of institutional services; Sudarshan Murthy, analyst; and Melodie Zakaluk, chief operating officer.

Jain, chairman and chief investment officer of GQG, once owned 95 percent of the company, but now he is one of nine employee partners (alongside Carver and the seven new partners). Outside shareholder Pacific Current Group retains a 5 percent stake.

"Rajiv continues to be the largest shareholder by far," says Carver, CEO of GQG. "He'll always retain control."

Yet expect GQG to add more employee partners over time, partners who are committed to the firm's customers and to the team itself.

"In order to be eligible to be a partner at GQG, we want people to be on the team for a couple of years," Carver tells MFWire.

"It has always been my vision that we would have broad ownership among our time," Jain states. "At the same time, I believe that equity should be issued to colleagues whose commitment and talent help us build something distinctive in the market — to people whose vision reaches beyond today, who are committed to building a truly enduring institution."

Since launching in 2016, GQG has grown to 45 employees and $14.5 billion in AUM. Most of that growth has been in the institutional channel, but the mutual fund business has been strong, too, and Carver wants to boost that.

"We're still probably 85 percent institutional, so we're increasingly focusing on how we can expand our mutual fund presence," Carver says.

He adds that they're trying to expand their clientele geographically, too, so watch for the GQG team to boost their international presence in the coming years, too. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use