Frontier Investment Consulting has hired Victorian Funds Management Corporation’s head of client services as an additional senior consultant.

Edward Smith will commence with Frontier early this month, after a tenure at VFMC in which he was director of the client services team and also performed investment consulting for some smaller clients of the Victorian Government-owned funds manager. Prior to VFMC, Smith ran investments for New Zealand’s Trust Investment Management, and was also a director in Frank Russell’s office across the Tasman. Frontier managing director, Fiona Trafford-Walker, said Smith would help Frontier expand its research efforts. The consultancy has benefited from its refusal to offer implemented consulting products, with its ‘pure’ reputation helping it to $95 billion in funds under advice at last count. VFMC chief executive, Syd Bone, was on holiday and unavailable to comment at presstime.