Our Team

Richard Darke (BA, FICB) - Chairman
Richard Darke
(BA, FICB)
Chairman

Richard is one of the founders of Ambassador which was established in 2004. He has broad experience and a record of success in building businesses in the institutional financial services industry over a period of more than 40 years across four continents – Canada, the UK, Hong Kong and Australia.

Following many years as a bank credit analyst and lender to public-listed corporate clients, Richard spent 15 years in institutional fund management marketing with Fidelity Investments. He established and managed Fidelity’s Hong Kong office and was then responsible for opening the Australian office, growing global equity assets from zero to A$7 billion over a 5 year period.

In 2002, Richard was appointed Head of Institutional Business at Credit Suisse Asset Management, Australia where he was responsible for the reorganisation and management of the business development and client service structure. CSAM Australia utilised, at that time, the services of Capital International for global equities management, and was one of the 10 largest clients of Capital International with over A$7 billion assets under management. Richard’s team was responsible for business acquisition for this product as well as liaising between the clients and the US domiciled fund managers.

Richard has now retired from day to day line management responsibilities at Ambassador and, as of 1 January 2010, has been appointed Chairman. In this capacity he works part time and plays more of a macro role in helping direct the company’s business.

He is well known and respected amongst clients and asset consultants.

Peter Tiffin (B Comm. ASIA, GAICD, MBA, ACA) - Director
Peter Tiffin
(B Comm. ASIA, GAICD, MBA, ACA)
Director

After spending a number of years with Price Waterhouse and being admitted to the Australian Institute of Chartered Accountants, Peter moved to the financial industry where he has subsequently had over 20 years experience which has included working for the asset management arms of two global powerhouses, HSBC and Credit Suisse before being one of the founding Partners of Ambassador in 2004.

He has built strong relationships with many of the leading researchers and asset consultants as well as the gate keepers to many of the largest and most influential superannuation funds.

Peter has been instrumental in the launch of several successful income focused products in Australia including Syndicated/(Leveraged) Loans, Hybrids and High Yield funds and has helped establish a boutique specialist fixed interest investment manager.

Prior to establishing Ambassador, Peter had extensive marketing experience of the listed property, direct property and fixed interest asset classes.

In addition to being a Chartered Accountant, he is a Graduate of the Australian Institute of Company Directors, a Fellow of FINSIA and was awarded an MBA from the MGSM (Macquarie).

Andrew Vrech (BEng(Hons)) - Director
Andrew Vrech

(BEng(Hons))
Director

Andrew had ten years experience at William M. Mercer working in a variety of roles including actuarial analyst, administration project manager, pension consultant and investment consultant.

In 1993 he was selected to establish an investment consulting practice in the Mercer Hong Kong office. Over two and a half years there he built the practice into a credible alternative in the marketplace and won a number of major clients.

On return to Australia, Andrew was an investment consultant in Mercer’s Melbourne office, advising clients on asset allocation and fund manager selection. Andrew was also a member of the global equity research team.

In 1997 Andrew moved to Fidelity Investments as Manager, Business Development where he was involved in all aspects of business development and client servicing. Whilst at Fidelity funds under management went from A$0.5bn to $A7bn and Andrew was responsible for the attainment of a number of blue-chip clients.

Andrew has a strong reputation in the market with both the investment consultant fraternity that he understands well and the key decision makers at the major superannuation funds.

Peter Murphy (LLB, BCom, MBA, Grad Dip App Fin)
Peter Murphy

(LLB, BCom, MBA, Grad Dip App Fin)
Associate Director

Peter has had a 25 year career in the financial services industry with over 15 years experience in funds management commencing with National Mutual Funds Management/AXA Australia Funds Management in June 1995.  Whilst there, he held senior institutional client relations and business development positions.

In 2001, he joined Alliance Capital Australia Ltd, later to be become AllianceBernstein Australia Ltd, with primary responsibility for business development and client management within the Industry Fund and Public Sector markets. Whilst at AllianceBernstein, he established a strong track record of winning key accounts across a range of asset classes as well as retaining clients. During his time there, Peter was also instrumental in obtaining product endorsements from the major investment consultants.

Prior to working in funds management, Peter completed a Master of Business Administration at the Melbourne Business School. Before that he worked for Citicorp Investment Bank, in Mergers & Acquisitions and Corporate Finance, and in stockbroking with Citicorp Scrimgeour Vickers having responsibility for Corporate Advisory. He also worked for three years with the former National Companies and Securities Commission, now the Australian Securities & Investments Commission.

Tim Connolly Tim Connolly
(CFA, Grad Dip App Fin)
Institutional Business Development Manager

Tim has over 13 years experience in the Australian funds management industry.

He commenced his career in funds management in Sydney with Colonial First State, where he was employed in a variety of roles across the product, research and investment services and business development teams.

After Colonial, he joined Fidelity Investments where he worked in institutional sales and was responsible for the marketing of Fidelity's global equities, global small cap and Australian equities capabilities.

Tim relocated to Melbourne in 2009 to commence an institutional sales role with Tyndall Investment Management where he was responsible for establishing Tyndall's Melbourne institutional sales office, with a primary focus on marketing Tyndall's Australian equities and Australian fixed income capabilities to institutional prospects and consultants across the entire Australian market.

Christina Yip Client Service and Office Manager
Christina Yip
Client Service and Office Manager

Christina has over 15 years administration and client service experience. Prior to joining Ambassador Funds Management Services, Christina worked with Richard Darke and Andrew Vrech in the Sydney office of Fidelity Investments where she was responsible for the office management. Christina brings to Ambassador strong experience and skills in customer and sales support.

Amongst other client service duties, Christina is responsible for liaising between the fund managers and the investors, ensuring reports are accurate and received on a timely basis.