This article is from the Australian Property Journal archive
Former Becton Investment Management’s managing director Arthur Apted has been appointed to the investment committee with Pentacle Property Funds Management.
Pentacle’s chief executive James Burkitt said Arthur’s depth of knowledge, related not only to property investments but also superannuation investments, will definitely add value to the Pentacle product offering.
“As the key architect of ISPT, Arthur recognised that industry superannuation funds had a very low property exposure. His recent experience in retail property funds management has convinced him that there is demand for a well diversified property investment fund of funds targeting that sector as well as small and medium sized institutional wholesale investors.
“Arthur will work with us to enhance awareness for Pentacle direct property funds, develop new products and grow the company,” Burkitt added.
Apted joins an experienced team of investment professionals at Pentacle, including chairman Prof. Bob Officer and independent director Michael Easson AM together with the Salta Properties Group as a major shareholder.
Prior to joining Pentacle, Apted was at BIML, where he joined as executive chairman in January 2005 and later assumed the role of managing director in September 2005. In July this year, Apted departed the business to start his own venture.
Prior to joining Becton, he was at Industry Superannuation Property Trust for 12 years, where he played a key role in the establishment and start-up of the Industry Superannuation Property Trust in 1994. He was also responsible for the establishment and start-up of the other ISPT funds, ISDT (The Urban Workshop) in 2003 and ISPT Grosvenor International Property Trust (IGIPT) in 2004.
Arthur was also the chief executive officer of the Australian Government Employees’ Superannuation Fund and was executive director responsible for Superannuation Trust of Australia’s (now Australian Superannuation) investments.
By Nelson Yap
