Centuria bolsters distribution network support

29 March 2019

New hires expand adviser-focused distribution team and support growing business platform

Centuria Capital Group (Centuria) has appointed financial services and product distribution specialist Dave Brownett to the role of Distribution Manager for Victoria and Western Australia.

Mr Brownett will be responsible for increasing investment in Centuria’s range of unlisted property trusts, and in its refreshed investment bonds product, Centuria LifeGoals, by building relationships with financial advisers.

Jason Huljich, Head of Real Estate and Funds Management for Centuria, said Mr Brownett’s appointment coincides with significant growth in Centuria’s business.

“We have successfully continued to grow our property and investment bond businesses. A key element of that success is our commitment to supporting financial advisers, particularly during the ongoing structural changes in the industry as a result of the Royal Commission.

“Dave has over 15 years’ experience distributing financial services across a range of bank aligned, independent and corporate dealer groups – which means he understands the challenges and opportunities in the market intimately – and his relationships are second to none,” said Mr Huljich.

Mr Brownett will be a key member of the national distribution team – focused on promoting both LifeGoals investment bonds and Centuria’s unlisted property funds to financial advisers.

“I’m excited to be working with advisers in Victoria and Western Australia to help them address the challenges and opportunities that the current market represents. In my view experience and reputation count more than ever in today’s rapidly changing financial services landscape, and I look forward to introducing advisers to Centuria’s range of products, track record of consistently strong returns, and ongoing commitment to its investors,” said Mr Brownett.

Centuria is one of the fastest-growing Australian real estate fund managers in its peer group, with annualised assets under management growth of 54.1% to $5.6 billion for the 2.5 years to 31 December 2018.1 The investment bond business has recently relaunched a new product, Centuria LifeGoals, with a broader range of specialist, market-leading, active and index investment options.

David’s appointment is the latest in a series of new hires to bolster Centuria’s distribution capability, with Ben Harrop, Kylie Scrivener and Julia Desimone having joined Centuria in the past nine months.