The founder of Integrity Investment Management, ex-UBS Global Asset Management local shares head Paul Fiani, has poached a fifth former colleague for his Australian equities start-up.

Matthew O’Donnell started with Integrity yesterday. He will spearhead communications with clients and assist the investment team with portfolio construction. O’Donnell was previously an investment adviser at UBS Wealth Management, following a short stint at UBS Global Asset Management in client relations, and before that a stint at Schroders Investment Management in a similar role. Integrity, which currently runs $600 million through seven institutional mandates and nascent retail inflows, continues to seek a business development manager. The Integrity Australian Share Fund has, between its October 17 inception and December 31, outperformed its ASX 300 benchmark by 2.6 per cent after fees, while a wholesale-only ‘concentrated value’ portfolio has outperformed by 3.1 per cent. “;The fund has no exposure to Centro Group and its largest sector underweight is to the LPT sector, which is continuing to assist active performance in January,”; Fiani said.