WAM Active Limited announced the appointment of Mr. Simon Poidevin AM, effective 7 December 2021, to the Board of Directors and the retirement of Ms Emma Rugge-Price. Mr. Poidevin worked in global financial markets for over 37 years, spending 14 years with Citigroup, culminating in heading the firm's Corporate Equity Broking division in Australia. Mr. Poidevin was previously Managing Director, Corporate Broking at Bell Potter Securities Limited from 2013 to 2020. He is currently a non-executive Director of Stealth Global Holdings Limited, President of Total Brain Limited, Australia and New Zealand and is an advisory Board Member of leading Safe Harbour insolvency firm Wexted Advisors. Mr. Poidevin also represented Australia in Rugby Union from 1980 to 1991, captaining the Wallabies in 1986 and 1987, and was awarded an OAM in 1988 and the Member (AM) in the General Division of the Order of Australia in 2018.
WAM Active Limited is an Australia-based investment company engaged in investing activities, including cash, term deposits, and equity investments. The Companyâs investment objectives are to deliver a regular income stream of fully franked dividends, provide a positive return with low volatility, and preserve capital. It manages the market for various opportunities, including initial public offerings, placements, block trades, rights issues, corporate transactions (such as takeovers, mergers, schemes of arrangements, and restructures), listed investment companies (LIC), discount arbitrages, and short selling. The Company invests in various sectors, including financials, consumer discretionary, healthcare, consumer staples, materials and information technology. The Companyâs listed investment companies include WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap, WAM Alternative Assets, and WAM Strategic Value. The Company's investment manager is MAM Pty Limited.