Stephen Bramley, the former head of institutional sales at Mercer in Australia, has joined boutique fund manager-backer Treasury Group as director of distribution.

Andrew McGill. Treasury’s chief executive, says Bramley’s appointment has heralded a reorganisation in Treasury Group’s sales team.

Peter Walsh, formerly head of retail distribution, has been appointed a director of distribution and is to be based in Sydney, covering New South Wales and Queensland. Bramley will work from a Melbourne office and cover Victoria and South Australia.

Treasury Group has five sales people and 23 staff, says McGill. It has stakes ranging from 20 per cent to 48 per cent in six asset managers. The company had $17.05 billion in assets under management as of March 31.