MARK Ferguson has been appointed as head of Charter Hall’s Maxim Property Securities business, bringing nearly 30 years of listed property securities experience to the role.
Ferguson has held senior roles with AMP Capital and Macquarie Group and joined Charter Hall this month to take over from Winston Sammut, who founded Maxim 17 years ago and is stepping down from the Maxim business in January. He has agreed to assist with a smooth transition.
Ferguson assumes the role working with portfolio manager, Pat Barrett.
Maxim aims to provide risk-adjusted returns for institutional, high net worth, self-managed super fund and retail investors, consistent with the Charter Hall’s broader investor base.
“With an impressive and specialised career spanning almost three decades, Mark Ferguson brings deep experience to Maxim’s award-winning funds, after delivering sector-leading returns investing in REITs in previous roles,” said Charter Hall managing director and group CEO, David Harrison said.
“Winston Sammut has delivered strong results over an impressive career, and we take this opportunity to thank Winston for his dedication and impressive investor returns since joining Charter Hall in 2018, as part of the Folkestone acquisition.”
Ferguson said, “It is exciting to be delivering performance for our fund and partnership clients, investing in the REIT sector, which is currently priced at historically deep discounts to net asset value, providing both strong income distribution yields and prospective capital growth.”
