Australian wealth and asset manager Real Asset Management (RAM) has appointed financial services industry veteran Peter Folkes as its new Head of Distribution. In this role, Mr. Folkes will oversee distribution strategies across all channels and markets, as well as manage key distribution partnerships.
With almost 25 years of industry experience, including senior positions at Goldman Sachs, BT Investment Solutions, and PwC, Mr. Folkes has a proven track record of initiating, growing, and managing business for domestic and international clients.
RAM Australia CEO Scott Kelly said today, “We are delighted to have someone of Peter’s calibre and experience join our team.
“His extensive knowledge and track record in distribution will be invaluable to RAM as we continue to grow our business and expand our client base. I am very much looking forward to Peter being a key member of our leadership team.”
RAM has been experiencing rapid growth, focusing on providing its investors with strong, consistent, and reliable returns. Group’s total AUM has increased more than 34% YoY to $4 billion.
RAM’s Real Estate division, in particular, has established itself as a successful acquirer and manager of healthcare, essential services retail, and commercial real estate holdings. The group manages a diverse portfolio of properties across Australia, including 43 properties through the ASX-listed RAM Essential Services Property Fund (ASX: REP) and an unlisted portfolio that includes the RAM Diversified Property Fund and several separately managed accounts.
As part of its expansion strategy, the group is launching new programmes this year to meet the evolving needs of its investors and capture new opportunities in the market.
Commenting on his appointment, Mr. Folkes said, “I am excited to be joining RAM at this time and working with the team to continue its growth and success. I look forward to growing RAM’s distribution channels and delivering exceptional value to investors.”