Ares has tapped former Macquarie Group Senior Investment Specialist Teiki Benveniste as the head of newly-formed Ares Australia Management.
Ares Australia Management was formed as a strategic joint venture between Ares Management and Fidante Partners in October 2019.
Benveniste will be based in Sydney and will be responsible for building strong investor interest in the specialist asset manager and for increasing assets under management as the joint venture launches a range of investment strategies. He will also serve as a liaison with Fidante Partners, which will provide product distribution, local fund reporting and back office administration.
Benveniste joins AAM after spending the last six and a half years at Macquarie Group, most recently as the lead senior investment specialist for Macquarie Fixed Income in Australia, where he managed a team of investment and product specialists covering both retail and institutional investors. Prior to this, he was based in London for almost seven years at Société Générale where he held trading, credit analyst and sales roles for loan syndications across Europe, the Middle East and Africa.
David Sachs, Partner of Ares Management Corporation said: “We are delighted to welcome Teiki to lead Ares Australia Management. We believe that his broad experience in fixed income investing in Australia and Europe positions him as an excellent leader to build investor interest in the funds and investment strategies of Ares within Australia and New Zealand and to seize the significant opportunities available in the region’s market.”