Argonaut marks Anniversary with change of Guard
Argonaut celebrates its 15 Year Anniversary since Co-Founders Charles Fear and Eddie Rigg started the business in 2002, and coinciding with that milestone are delighted to announce Glen Colgan’s promotion to the role of Managing Director.
Mr Colgan is a career stockbroker having started as a “chalky” on the Perth Stock Exchange in 1983, before going on to run the Kalgoorlie branch office of Eyres Reed for a period of six years and then join Argonaut 10 years ago as an Executive Director and Desk Manager of the Stockbroking business.
Commenting on the appointment, Chairman Charles Fear said there was no-one held in higher regard at Argonaut, making Glen the natural person to take executive responsibility for the firm.
“I'm looking forward to the opportunities and challenges that leading a modern Stockbroking and Corporate Advisory business presents,” Glen said.
“We will look to leverage off our key competencies and extensive technical capability while maintaining our core values. There will be continued expansion of our dealing teams, both institutional and private client-focused, and we will introduce initiatives to deepen our relationships with corporate clients and new clients, with a view to better servicing them and growing our business along with theirs.
Moving forward, Argonaut is determined to maintain its position as a leader among its peers and continue to innovative and grow the business, while applying the highest professional standards and integrity to our conduct and culture.”
Argonaut, unique among Perth stockbrokers with a Hong Kong office, has demonstrated a sustained profit track record and, after trading through the difficulties of the downturn in resources, it is pleased to see significant green shoots in this sector, having posted its best March Quarter on record.
As part of the transition in the executive team, Charles Fear is stepping back from his executive duties, while remaining Chairman and a member of the Corporate Finance team. This will allow him to pursue external director roles and continue with his community and charitable activities.
Eddie Rigg will take on the role of Deputy Chairman while remaining Head of Corporate Finance and, along with the Board, will continue to drive the strategic direction of Argonaut and build on his strong relationship with Glen, having been a ruckman-rover combination at Trinity Aquinas Amateur Football Club some 25 years ago.
“What makes this Quarter so rewarding is that Argonaut has been instrumental in raising capital for Dacian Gold, Gascoyne Resources and Metro Mines, which will use the funds to build new mines in Australia, and capital for Renewable Heat & Power which will re-commission the mothballed Albany Pellet Plant. At steady production, these four companies will employ 730 permanent employees and generate EBITDA of some $450 million annually,” Eddie Rigg said.
For further information:
Head of Corporate Finance, Argonaut
Tel: +61 8 9224 6804
Tel: +61 417 944 616