Tyndall Investment Management, the Australian firm, has created a new private wealth business amid a restructuring of its distribution and product development units.

The new private wealth arm reflects the importance of intermediary markets, the firm said, particularly the significance of private banks and the self-managed superannuation funds industry. 

As part of the change, former head of institutional business Matt Russell was promoted to head of sales and marketing across all sectors. In this role, he will be responsible for retail sales and distribution and product development for each of Tyndall's equities, fixed income and alternative asset classes. 

In addition, three new roles have been created to cover the institutional market. Former Apostle Asset Management executive Nicole Krebs is now senior relationship manager - institutional business, while Chris Briggs, previously with Terrain Placement, and Chris Trent, formerly an equities specialist at Macquarie Funds Group, become senior business development managers. 

Also newly appointed is Andrew Julius as national manager for researcher relationships. Julius was previously the head of retail and is now responsible for managing research houses, asset consultants, private banks and SMSF trustees. He is joined by Aaron Russell, formerly a key account manager, as national sales manager for private wealth activities, reporting to him. 

"Bringing together our institutional and retail sales processes allows us to provide a more focused approach, developing the products, services and relationships that better suit clients' needs," said Matt Russell.

Tyndall Investment Management manages some $23 billion in funds on behalf of retail and institutional investors, private clients, super funds and charitable trusts as of 31 March 2012. It is a wholly-owned subsidiary of Nikko Asset Management.