The Armytage Team

Armytage has a highly skilled and experienced team with proven investment management capabilities, and our success has been built on the strength and passion of our people. Our team of highly experienced business and investment professionals come from a variety of industries, including funds management, investment banking, stock broking, science and finance, providing the depth of skill and knowledge required to build and operate a high-performing investment management firm. This unique blend of experience and ability also promotes insightful analysis and debate among the investment team, bringing a high degree of rigour to Armytage’s fundamental research driven investment process.

Lee IaFraté




  • Founding Chairman of Armytage Private
  • Responsible for portfolio management of the Armytage IMA Service, sector & stock analysis, as well as equity and option dealing
  • A Member of the Industry Research and Advisory Committee
  • Founder and former Chairman of Treasury Group
  • Founder & Former Director of AVFM Ltd/Prime Financial Group
  • Founder & Former Chairman of Easton Investments Ltd

Founding Chairman of Armytage Private

Responsible for portfolio management of the Armytage IMA Service, sector & stock analysis, as well as equity and option dealing

A Member of the Industry Research and Advisory Committee

Founder and former Chairman of Treasury Group

Founder & Former Director of AVFM Ltd/Prime Financial Group

Founder & Former Chairman of Easton Investments Ltd

Lee has been in the financial industry for over 30 years, with broad experience ranging from stock broking and funds management to principal lecturer at the Securities Institute of Australia. Lee is the Executive Chairman of Armytage.

In 2009 till 2013, Lee was the founder and chairman of Easton Investments Ltd; a listed company also specialising in financial services. Lee was also the founder and chairman of Treasury Group Limited (ASX: TRG) from 1997 until 2006. TRG established a number of boutique funds management businesses, which it supported with finance and administrative assistance, and later listed on the ASX. During Lee’s tenure at TRG, funds under management grew from a minor base to a peak of over $15 billion. Lee was also responsible for establishing and developing AVFM Limited with a diversified financial services focus, as well as boutique fund manager Armytage Private where Lee is Executive Chairman. Armytage Private has been operating since 1995.

Prior to establishing these companies, Lee was a stockbroker at Tolhurst Noall and McKinley Wilson with responsibilities spanning retail and wholesale funds management, securities operations, corporate restructuring, capital raisings and mergers and acquisitions. Lee has also provided advice on corporate governance and strategic planning issues to a number of institutions.

Bradley King


Portfolio Manager

B.Bus (Ec&Fin), SA FIN

Responsible for portfolio management, stock & sector analysis, and macroeconomic strategy

A Member of the Industry Research and Advisory Committee

Previously held positions in wealth management, stock broking & portfolio management

Formerly with Tolhurst Noall, before joining Armytage in 2003

Bradley has over 13 years experience in the financial services industry, working in a variety of roles in funds / portfolio management, company analysis, stock broking, wealth services and administration.

Bradley commenced his career in 2001 with stockbroking firm William Noall in settlements and administration services. Upon merging with D & D Tolhurst, he gained valuable experience in research sales and equity market dealing operations.

In May 2003, Bradley joined Armytage to oversee client portfolio construction, client management and trade execution. Today he is responsible for company research and analysis across multiple sectors, managing the business’ high net worth discretionary managed accounts, derivatives strategy and overseeing securities trading.

Bradley has an Economic and Finance degree from RMIT and has studied Business Globalisation at Maryland University in Washington DC (USA) and European Finance and Trade at Cologne University (Germany).

Brock McLean

Partnership Manager


As partnerships manager, Brock’s role at Armytage is to build and maintain relationships with our current clients, whilst also looking to onboard new clients and establish an ongoing relationship with them. These relationships will be built on a system of honesty, openness and mutual respect.

Julian Mitchell


Citadel Fund Managers Pty Ltd.

B.Bus, Hons

Responsible for Citadel Fund Managers IMA accounts, *Australian New Horizons Fund 

A Member of Armytage Industry Research and Advisory Committee

Julian was a founder and Director of DMP Asset Management and its antecedents (JM Financial Group and Lowell Asset Management) and he worked there for 25 years. During this time he was the Investment Director and led a team of fund managers which had grown to 5 by 2015 He was ultimately responsible for the performance of client funds. He was also a Responsible Officer of DMP.

Prior to setting up DMP and its antecedents, Julian worked for a large American bank in both London and New York where he worked  in variety of roles including  as a stock research analyst and in the investment banking division.

Julian graduated with a BA(Hons) from Melbourne University and his interests include; stocks, history, the share market and equites (and the share market).

Patrick Trindade

Investment Consultant


Responsible for portfolio management, stock & sector analysis, and macroeconomic strategy

A Member of the Industry Research and Advisory Committee

Patrick Trindade has over 13 years’ experience in the finance sector, including the last four years as Head of Private Wealth Melbourne with the Phillip Capital Financial Group. Previously to this he spent 3 years as the Head of the Small Resource Desk for a leading Australian stockbroking firm.

Patrick specializes in advising both High Net Worth and Institutional  clients in all aspects of  equities, cash investments, derivatives and managed  investment schemes, specializing in portfolio management and asset allocation

Patrick is an accredited securities dealer in Australian and international equities, managed funds, fixed interest, margin lending, exchange traded options, FX and superannuation products.

In addition to these industry qualifications he also holds a  bachelor of Commerce from Deakin University  as well as being ASX level 1 & 2 options accredited.

Patrick is also a regular contributor to  a number of  national publications including the Age and the Australian as well contributing on a regular basis to several prominent  on-line investor forums.

Residing in Melbourne with his wife, Patrick’s hobbies include golf, thoroughbred racing, travel and volunteer charity work.

Olivia Setchell

Portfolio Manager

Olivia manages several high net worth family accounts and is solely responsible for the investment portfolio of listed assets in Australia and International markets.

Olivia joined the Armytage team as a portfolio manager based in Sydney, she was initially a dealer at 452 which gave her a good foundation in understanding the market and key stock drivers.

Chris Newman

Member of the investment Committee

Strategy & Research Analyst

A member of the Macro Economic Strategy Committee

Chris has a long and distinguished career in funds management and corporate broking both here and in the UK. His long public company is highlighted with being the founder and director of Webjet limited (ASX: WEB) and many other public companies, for examples Austereo, Prime Financial … He brings to Armytage a significant level of corporate and analytical skills, along with an extensive industry network.

Austin Ngo

Portfolio Manager & Account Manager

CPA B.Com (Acct & Fina)

Austin graduated from The University of Western Australia, majoring in Accounting and Corporate Finance.

Austin currently manages a wide range of Individually Managed Accounts (IMAs) as well as one of Armytage pooled funds, being the Armytage Micro Cap Activist Fund. He is also a member of the investment and research team. His focus is on quantitative & qualitative analysis using software such as Bloomberg and IRESS.

Austin previously worked in Public Practice firms with specialisation in Tax Consulting and Financial Accounting. At Armytage, Austin manages Armytage financial accounts and oversees the accounting department of Armytage.

Austin became a Certified Practising Accountant (CPA) in 2020


Hannah Nguyen

Accountant B.Fin, M.Acc

Hannah graduated from Master in Accounting & International Finance at Deakin University. She has had international experiences in the banking sector. Hannah is responsible for the companies accounting and administration functions, assisting Portfolio Managers with trades and bookings, as well as client support.

Emma Thornbrough

Digital Marketing Officer

Emma is currently studying at Monash University, completing her Bachelor of commerce, with a major in Economics.

Emma’s role at Armytage includes managing social media platforms, while creating content to engage with our clients. Emma also assists in other administrative duties.

Whilst new to the Finance sector, Emma is eager to learn through experiences and the team she works with.

Alex Percy

Equity Analyst

B. Fin

Alex is currently competing the final year of his bachelor’s degree in Finance and Economics at Loyola University Chicago. Alex’s role at Armytage includes screening and researching companies in the tech, real estate, and financial sectors, whilst also keeping an eye on trends and companies in American markets.

Alex has enjoyed learning about the markets and investment while working with the Armytage team and getting involved in our weekly investment meetings.”

David Green

Client Relationships Manager

B.Bus (Bnkg & Fin), ADFP, MBA

David has over 2 decades of leadership experience in the financial services industry. He is an exceptional communicator who passionate about driving people to professionally rewarding outcomes. With a career in Commercial, Retail, Private Banking and Wealth Management, David is experienced in B2B and B2C sales, workflow management, governance, project management and change management, and has established a reputation of simplifying complex concepts whilst developing individuals’ goals with sustainable results.

David’s analytical and problem solving capabilities are supported by a Masters of Business Administration. David believes in collaboration to create an inclusive environment for all stakeholders. Much of his working life has been enriched through strong community engagement, including volunteering to help others reach their full potential.