This article is from the Australian Property Journal archive
EG has appointed Mark Weingarth as director of business development within the private wealth division.
Weingarth brings more than 15 years of experience in wealth management, including asset management, structured investments, and commercial property. He was with Macquarie Group for almost seven years as a director within the banking and financial services division.
More recently, he worked at Charter Hall as NSW state manager, responsible for raising capital in private wealth and wholesale markets.
The appointment comes after EG announced in May a joint venture with Msquared Capital to offer private debt investment opportunities to diversify the portfolio of investors. The newly created role reflects EG’s intentions to increase the exposure of its expanded offerings to a broader network of wholesale investors and family offices, it said.
“It is an incredibly exciting time to join EG as the division focuses on scale and growth. EG is a dynamic business with very astute leadership, confident of delivering great outcomes for new and existing investors,” Weingarth said.
Rodney Walt, head of private wealth at EG Funds, said, “We are excited to build on the success of EG’s private wealth and enhance our capabilities. With Mark’s appointment, we now possess an expansive range of expertise to facilitate additional momentum to grow our community of investors.”
Founded in 2000, EG manages $5.1 billion in real estate on behalf of institutional investors and wholesale clients to generate outstanding returns with lasting social impact. It has $3.9 billion in the development pipeline and 16.7% per annum in realised IRR for institutional funds.
