Sam Israel

Analyst

Sam joined DNR Capital in 2024. He is responsible for supporting the Portfolio Managers in the healthcare, industrial and gaming sectors, and secondary coverage of the resources sector.

Prior to joining DNR Capital, Sam started his career in corporate finance with Findex in Brisbane.

Sam has a Bachelor of Advanced Finance and Economics (Hons) from the University of Queensland.

Michael Lever

Analyst

Michael joined DNR Capital in 2024. He is responsible for supporting the Portfolio Managers in the financials (ex-property), fund managers and industrials sectors.

Prior to joining DNR Capital, Michael worked as a manager within the corporate valuations division of KPMG in Brisbane.

Michael has a Master of Finance from Griffith University and a Bachelor of Regional Town Planning from the University of Queensland. Michael passed the CFA Exam level 1 in 2022.

Brendan Mowry

Senior Investment Analyst

Brendan joined DNR Capital in 2024, he is responsible for coverage of the consumer, gaming and communication services sectors.

Brendan has eight years of investment experience, having begun his career on the sell-side with Hunter Green Institutional Broking before joining boutique funds manager Peak Investment Partners as an analyst in 2018 and Fidelity International in 2020, where he was responsible for coverage of the Australian consumer sector and smaller companies.

Brendan has a Bachelor of Commerce from the University of Queensland (majoring in Commerce) and is a CFA Charterholder.

Tom Covino

ESG Analyst

Tom joined DNR Capital in 2022. Tom provides support in the delivery of DNR Capital’s ESG strategy. He is also responsible for quantitative analysis, performance attribution analysis, data analytics and modelling.

Tom has a Bachelor of Music from Griffith University and Master’s of Music from Indiana University. He is also a CFA Institute Program participant and completed level 1 in 2024.

Mark Hancock

Consultant & Investment Committee Member

Mark has over 34 years’ experience in the securities and funds management industry. As Managing Director of Precept Investment Actuaries Pty Ltd, he sits on the DNR Capital investment committee, with specific expertise in banking, insurance and financial services sectors. His previous experience includes eight years as principal consultant with Loftus Capital Partners Limited and five years with NRMA as an investment manager.

Mark is a qualified actuary and has been a Fellow of the Institute of Actuaries of Australia since 1987. He has a Bachelor of Arts majoring in Actuarial Studies. Mark is a guest lecturer in Applied Finance at Macquarie University.

Tim Bingham

Portfolio Manager

Tim joined DNR Capital in 2018 and is Portfolio Manager for the Australian Equities Income Portfolio. Tim is also responsible for investment research of the property, energy, infrastructure and telco sectors. 

Prior to joining DNR Capital, Tim worked as an analyst in the financial services sector as part of Pharos Financial Group and Proactive Portfolios, having started his career in corporate finance with G James Australia. 

Tim has a Master of Applied Finance and a Bachelor of Commerce from the University of Queensland and is a CFA charter holder.

Scott Kelly

Investment Committee Member

Scott has over 23 years of investment experience, with previously held positions in equity research at Morgan Stanley and UBS in Sydney and at Macquarie Bank in Hong Kong. He was a highly ranked analyst across the more technical sectors of transport, infrastructure and utilities and head of Industrials research at Morgan Stanley. He commenced his career at PriceWaterhouseCoopers (formerly PriceWaterhouse), in audit.

More recently, Scott was the Portfolio Manager for the DNR Capital Australian Equities Income Portfolio before transitioning to a non-executive role on the DNR Capital Investment Committee.

Scott has a Bachelor of Commerce from the University of Queensland and is a Chartered Accountant with the Institute of Chartered Accountants of Australia and New Zealand, a CFA charter holder and a Graduate member of the Australian Institute of Company Directors.

Scott Bender

Portfolio Manager

Scott has over 28 years experience in the funds management industry and is Portfolio Manager for the Australian Equities High Conviction Portfolio and Fund and the Socially Responsible Portfolio. Scott is also responsible for investment research of the resources, healthcare, gaming, developers and industrials sectors.

Prior to joining DNR Capital in 2002, Scott worked as an analyst with Deutsche Bank in the UK. Scott has also held roles in Australia as an analyst and trading representative for institutions including JP Morgan and Macquarie. Scott has a Bachelor of Commerce from The University of Queensland, a Graduate Diploma in Applied Finance and Investment, and is a CFA charter holder.

Sam Twidale

Portfolio Manager

Sam joined DNR Capital in September 2017 and is Portfolio Manager for the DNR Capital Australian Emerging Companies Fund.

Sam has over 20 years of investment experience, having previously worked as a European portfolio manager at Schroders in London for over seven years. Prior to this he worked at Citigroup in London as an equity research analyst covering the resources sector. He commenced his career in the advisory division of PricewaterhouseCoopers in Brisbane.

Sam has a Bachelor of Economics and Bachelor of Commerce from the University of Queensland, a Graduate Certificate in Business Administration from the Queensland University of Technology, and is a CFA charter holder.

Natasha McKean

ESG Senior Investment Analyst

Natasha joined DNR Capital in 2021. She is a dedicated ESG (Environmental, Social and Governance) Investment Analyst across all of the DNR Capital Australian equity investment strategies, working directly with Portfolio Managers and Analysts throughout the investment process.

Natasha has over 20 years of investment experience, with previously held positions at Maple-Brown Abbott and JPMorgan, including roles in ESG, Equity Strategy, Portfolio Management and M&A (Mergers & Acquisitions).

Natasha has a Bachelor of Mining Engineering (Honours) and Bachelor of Commerce from the University of Queensland and is a CFA charter holder.

Mark Sedawie

Portfolio Manager

Mark is Portfolio Manager for the Australian Equities Emerging Companies Fund, bringing over 15 years’ experience in the financial markets.

Mark joined DNR Capital in 2008. Prior to joining DNR Capital, Mark was a senior consultant with the advisory division of PricewaterhouseCoopers in Brisbane.
Mark has a Bachelor of Commerce and Bachelor of Finance (majoring in Accounting) from Bond University and is a CFA charter holder.

Lachlan Mayne

Analyst

Lachlan joined DNR Capital in 2017. He is responsible for supporting the Portfolio Managers in the transport, infrastructure, utilities, telecommunications and packaging sectors. Lachlan is also responsible for backup dealing.

Lachlan has a Bachelor of Commerce (Finance) and Economics from the University of Queensland.