TIP appoints new executives for growth

The company has appointed two new senior executives to further accelerate its growth.

Timothy Wong has been appointed TIP Equity head, and Michael Baragwanath as TIP Wealth head.

Wong and Baragwanath will join the existing senior executive team comprising Group CEO and managing director Andrew Coleman, Group CFO and company secretary Dean Robinson and TIP UK head Malcolm Rutherford.

"TIP has grown substantially since we started in 2012 as a private equity manager formed to address a funding gap in the SME landscape," Coleman says.

"Today, TIP is a financial institution that spans a microcosm of the Australian financial services landscape, providing capital and mentorship to entrepreneurial leaders.

"Tim, Michael and Malcolm joining our team positions TIP for the next ten years of our growth.

"All are aligned with our noble purpose of transferring knowledge and wealth between generations, and their addition to the team gets us ever closer to our vision of becoming the financial institution of choice for first generation wealth."

As Private Equity head, Wong will be responsible for overseeing the management and growth of the company's operating businesses. The private equity division includes those portfolio companies formerly included in the engineering and services divisions.

As TIP Wealth head, Baragwanath will oversee the management and growth of the company's financial services investments. The Wealth division includes the company's advisory, trustee, funds management and insurance entities.

As Head of TIP UK, Rutherford will oversee the company's operations in the United Kingdom and Europe. TIP UK is 80% owned by TIP Group and 20% owned by in-country management.