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Former Goldman Sachs boys take over chairs at Foundry Asset Management

Tuesday 31st August 2010

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Michael Jeffs and Stephen Rogers have acquired the majority stake in Foundry Asset Management from the Business Bakery.

Jeffs was the chief operating officer and a director of Goldman Sachs JBWere as well as a partner of Goldman Sachs JBWere in Australia.

He has more than 20 years experience holding senior financial and investment management roles within financial services, and has a strong background in regulatory compliance, treasury and risk management in the securities and investment banking industry.

Jeffs becomes Foundry's managing director.

Christopher Swasbrook is joining Foundry in an advisory capacity. He is currently managing director of boutique global fund manager Elevation Capital.

He was previously a partner of Goldman Sachs JBWere Pty and Co-Head of Institutional Equities at Goldman Sachs JBWere (NZ) .

Swasbrook will be thechairman of the Foundry Investment Committee, replacing Louis Boulanger who has led Foundry's committee since 2008.

John O'Sullivan, a long time member of Foundry's Investment Committee will also become a shareholder in Foundry.

Rogers is the principal adviser, and now a major shareholder of Foundry.

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