About Us.
The journey of Pellucid began not long after the Global Financial Crisis when Advisors wanted to provide a better solution to clients in regard to risk and volatility. Custom portfolios were built for this specific purpose and were successfully managed until the portfolio manager went through ownership changes that moved them away from their core values. As a result, Pellucid was started in 2025 and has taken over management of these same portfolios – to ensure the legacy that was created to provide the conduit between the client and fund manager is restored. We love working with advisors because we understand their world and want to have a positive impact on advisory groups and their clients with knowledge, experience and understanding.
Transparent and Simple.
Transparent
The founders of Pellucid have always run business with the end client and their outcomes in mind. This remains consistent within the funds management business, and is the reason Pellucid was born. Advisors act as a conduit between the end client and funds management. Pellucid aims to facilitate this and provide advisors with more insight and better look-through to the inner workings of diversified portfolios.
Simple
Through experience – particularly in the last couple of years – it is apparent that the funds management industry can be made very complex. With this complexity comes cost and risk. We will strive into the future to break down this complexity, to simplify investing for advisors and their clients.
Pellucid Asset Management: Key People
George Boubouras
Head of Research, Investments & Advisory
George oversees the CIO Office and externally managed funds at K2, leveraging 6 years with the firm and 35 years in financial services.
He is Director & Investment Advisor at Salter Brothers Asset Management (SBAM), NED and IC Chair at ESS Super, serves on the Investment Committee at Paua Wealth Management (Auckland, NZ), sits on the Advisory Board of the International Centre for Financial Services (ICFS), and is a part-time Finance lecturer and Visiting Fellow at the University of Adelaide Business School.
His previous roles include CIO, Head of Investments, Economist and Portfolio Manager at UBS, HSBC AM, Macquarie, Westpac and NSW Treasury.
George holds a B.Ec. (Hons) from Flinders University, Portfolio Management Executive Certificate (AGSM, UNSW), Executive Certificate in Management & Leadership (MIT Sloan), Investment Decisions & Behavioural Finance Program (Harvard Kennedy School), and Securities & Derivatives Industry Association Accreditation in financial advice.
Role at Pellucid Asset Management:
George is an Investment Committee Member
Nick Stavrou
Investment Advisor & Investment Committee
Nick has over 25 years’ leadership experience in financial services and academia, including roles at Goldman Sachs, ANZ, NAB, the University of Melbourne, and Monash
University.
He is MD, Head of Research at QRisk Strategies and Risk Framework Manager, President of VeltOptima Inc (Owner of Versant), Councillor at Boroondara City Council, and Investment Advisory at K2 Asset Management.
His past roles include senior research, trading, and portfolio management positions at Goldman Sachs, NAB, and ANZ, as well as academic appointments at Monash University.
Nick holds a BSc (Hons, Physics & Mathematics), PhD, and Master of Applied Finance from the University of
Melbourne, and has studied at the University of Tuebingen.
Role at Pellucid Asset Management:
Nick is an Investment Committee Member
Stephanie Williamson
Investment Advisor & Investment Committee
Stephanie has over 20 years’ experience in investment consulting, wealth management, and asset management, specialising in investment strategy, asset allocation, portfolio construction, risk oversight, manager selection, compliance, and fund administration.
She has held roles as Investment Consultant at Tynans, Portfolio Manager at Inception Asset Management, Fund Administrator at Core Value Asset Management, and CIO Investment Advisor and Investment Committee member at K2 Asset Management.
Stephanie holds a Bachelor of Business & Finance from the University of Technology Sydney.
Role at Pellucid Asset Management:
Stephanie is an Investment Committee Member
Brendan Foley
Non-Executive Chair
Brendan brings to our Board senior and independent oversight. Brendan has over 35 years of global experience in professional services, technology, and investment management.
A serial entrepreneur, he holds executive director roles with several companies with a financial services focus: trustee, investment management and credit providers. He has a proven track record of supporting entrepreneurial CEOs with both finance and strategic advice.
He co-founded Select Asset Management which grew to over $1.5b in funds under advice and management.
A Chartered Accountant (Ernst & Young) and member of the AICD, Brendan holds BSc and B. Acc degrees from the University of the Witwatersrand, South Africa.
Role at Pellucid Asset Management:
Brendan is our Independent Non-Executive Board Chair and also a Compliance Committee and Investment Committee Member.
Ben Lancaster
Chief Executive Officer, Director, Certified Financial Planner and SMSF Specialist
Ben has more than a quarter of a century of financial services experience and has been a member of the Funds’ Investment Committees since the inception of each Fund.
A Director and respected financial adviser with DMG Financial Planning, he brings deep investment, financial advice and accounting experience to the team.
As our CEO and Chair of the Funds’ Investment Committees, his guiding light is that the Funds play a central role in helping investors reach their goals.
He holds a Bachelor of Commerce and a Diploma of Financial Planning, and is a Certified Financial Planner & Chartered Tax Adviser.
Role at Pellucid Asset Management:
Ben is a Director, the CEO & and the Investment Committee Chair.
Charles Bagguley
Director, Certified Financial Planner
Charles has been a Financial Planner for over 20 years, and as with Ben, a Director of DMG Financial Planning. He has served on various investment committees over this time, including those for the Funds.
His leadership and advice roles means he brings to our table seasoned expertise in wealth management, strategic management and advice and exceptional client relationship management.
Charles was a long-term board member of the 5 Star Project, a registered charity which for 15 years has assisted young adults with disabilities live independently.
Charles is also a Certified Financial Planner and holds a Bachelor of Business (Financial Planning) with Distinction from leading Melbourne University RMIT.
Role at Pellucid Asset Management:
Charles is a Director and also an Investment Committee Member.
Mathew Johns
Chief Financial Officer, Director, Chartered Accountant
Mathew is a Chartered Accountant with over 30 years of financial services experience, for the very large part with DMG Financial Planning: a director and with a long stint as the Managing Director, he now runs the numbers as Chief Financial Officer as well as focussing on his advice client base.
He has focussed on wealth management across a broad range of financial assets and has strong expertise in business management and taxation.
He completed the Gippsland Community Leadership Program (2019), the Count Leadership Development Program (2022) and was named Count Leader of the Year in 2023.
Role at Pellucid Asset Management:
Mathew is a Director and also a Compliance Committee Member.
Michael Roberts
DMG Financial Planning
The firm remains acutely aware of the importance of adviser relationships and client outcomes.
And so Michael has been asked to be part of the Pellucid Investment Committee.
As a seasoned financial adviser at DMG Financial Planning, Michael brings to our team a real client focus, as well as considerable financial acumen. His extensive experience in both strategic advisory and holistic wealth planning will assist us in our aim to deliver consistent, class-leading outcomes.
Role at Pellucid Asset Management:
Michael is an Investment Committee Member
Simone Belcher
Company Secretary
Simone has been an Administration Manager and Client Services Manager at a high level for over 10 years. She also worked for over five years within the Investment Manager role.
Simone our Company Secretary has a Cert III and IV in Business Administration and Diploma of Business. Simone has been involved in Administration of Funds Management for over 10 years now with a broad skillset. Outside of work she enjoys working on the farm, keeping active with outdoor activities and spending time with her little family.
Role at Pellucid Asset Management:
Simone works alongside all Pellucid Asset Management Board members and external parties to ensure efficient and functional processes are in place. Simone also liaises at an investor level to ensure the best service is provided.
Anthony Fleming
Managing Director – Launch Financial Services Lawyers
Anthony draws on over 30 years’ experience in financial services founded on his time as a financial services partner in the Sydney office of the (then) world’s largest International law firm Baker & McKenzie, and before that, at Australia’s leading law firm King Wood Mallesons (formerly Mallesons Stephen Jaques).
Anthony is managing director at leading boutique law and compliance group Launch | financial services. He has been involved in more than 100 issuers and more than 500 securities, debt and managed fund issues over a 30-year career covering an estimated $20 billion of fundraising. He holds board and head compliance positions in highly successful funds management trustee operations.
Anthony holds both a Bachelor of Laws and a Bachelor of Economics.
Role at Pellucid Asset Management:
Anthony is our external Compliance Committee Chair and compliance manager, and acts as our General Counsel.
K2 Team
We have retained the services of K2 Asset Management to work hand in hand with our Investment Committee to achieve each Fund’s objectives.
K2 has over 25 years of expertise in asset allocation, portfolio optimisation, investment strategy, investment and fund manager due diligence, portfolio monitoring and risk management. With an investment focus on Australian, Asian and International equities markets, the office has a strong track record both domestically and internationally across all asset classes, portfolio optimisation and risk monitoring, consistently delivering solid returns for its own investors. George Boubouras, Nick Stavrou and Stephanie Williamson head up K2’s talented team of investment strategists and financial industry experts, with an impressive wealth of experience.
The K2 team advise wealth managers, family offices, endowments/foundations and others on asset allocation, portfolio construction, expected returns, risk and related matters.
The Key principles of Pellucid Asset Management
Transparency
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Pellucid aims to provide a Transparent Multi Manager offering to investors via Financial Planning Groups that will allow Financial Planning groups to be part of the process and provide insight to the Portfolio Managers regarding the client's requirements and risk tolerances.
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This transparency extends to working relationships such as Platform, Administration/Custody providers, Licence providers and Trustees.
Process
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Pellucid will have a strong process in place to ensure appropriate outcomes for clients. These will be documented and followed.
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We will be looking to improve policy and process whenever we can and will utilise the resources available to us to do this. Continuous Improvement is a Core Value.
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Appropriate DD will be completed on each investment that goes into the portfolios and the process will be consistent for all additions to the portfolios.
Good Governance
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The portfolios were run with very good governance when previously managed by DMG. This will be the case with Pellucid given 80% of the same team will be involved.
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Whilst there will be conflicts we will be managing these appropriately and they will be transparent. Our Board will consist of 4 Director and the Independent Chair will have the deciding vote. Our IMC will have a non-director, non- share holder DMG Client representative Michael Roberts along with Bart Dowling and Brendan Foley so the majority of the IMC are non-shareholders of Pellucid.