John Prendiville, pictured as an up and comer at Macquarie in 2001, has transitioned into private investing.Prendiville, who made his name during a 20-year stint with Macquarie Group, will take the Wilsons chairman’s seat from Neil Craig, who represents the firm’s 50 per cent owner Craigs Investment Partners.
Prendiville’s hire is a coup for Wilsons, which is perhaps best known for its institutional equities business but has 250 private wealth adviser and about $50 billion in client assets under advice. Wilsons will be seeking to tap into Prendiville’s resources and technology sector knowledge and contact book, trying to make the most of his 30-years in financial markets.
Prendiville has made a smooth transition from investment banking to early-stage investing in the past decade, often working alongside fellow Macquarie veteran Michael Carapiet in their venture Point Capital.His current roles include a boardseat at Smartgroup and as a director and shareholder at SME financier GetCapital, while he formerly chaired ASX-listed Kina Petroleum.
He’s expected to buy into Wilsons’ equity syndicate next month, in the firm’s once a year trading window for equity partners., is also expected to buy in. Richards has since been promoted to head Wilsons’ Melbourne office.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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