Southbank Trading has three key personnel, Francis Galbally, Timothy Langdon and Karl O’Shaughnessy. Mr Galbally, Mr Langdon and Mr O’Shaughnessy are directors of Southbank Trading Pty Ltd, the Trustee of the Fund. Mr Galbally is the sole Director of Southbank Capital Pty Ltd (www.southbankcapital.com.au AFSL 343678), which the Trustee has appointed as the Manager of the Fund. Mr Galbally and Mr Langdon are the nominated Responsible Managers on the Australian financial services licence held by Southbank Capital Pty Ltd.
Director / Chairman
Mr Galbally has extensive experience in the capital markets, investment banking and direct investment markets. Since 1994 he has acted as a director of a number of companies including Barela Constructions Ltd, Sino Pacific Investments Ltd, Senetas Corporation Ltd, Green Invest Ltd, all of which are listed on the Australian Securities Exchange.
In 2007 he founded Novus Pty Ltd, subsequently renamed Southbank Capital Pty Ltd, the Manager of the Fund, which, in addition to managing the Fund, is a boutique corporate advisory business specialising in capital raising, corporate re-structures, listing and mergers and acquisitions.
He holds an honours degree in Law from Melbourne University and practised as a solicitor between 1977 and 1994 and holds a number of appointments on the boards of charitable organizations.
Director / CEO
Mr Langdon is an experienced financial markets professional who has held senior positions in both dealing and management roles in a number of major corporations and financial institutions including National Australia Bank Ltd, British Petroleum Finance Australia Ltd, Bank of America Corporation, Indosuez Australia Ltd and Hong Kong & Shanghai Bank Ltd.
Mr Langdon is an experienced dealer in foreign exchange; trading in the spot and forward markets for Australian dollars, New Zealand dollars and Canadian dollars and the related cross-currency pairs; and trading in the major currencies including Japanese Yen, Great Britain Pounds, United States Dollars and Euros.
He holds a Bachelor of Economics, a Master of Business Administration, a Diploma of Financial Services and is a Certified Finance and Treasury Professional.
Director / Marketing & Strategy
Karl O’Shaughnessy has more than 30 years experience in financial markets, spanning the global banking and hedge fund industries.
From 1983 to 1998, he worked for Australian Bank Ltd, Elders Merchant Finance, National Mutual Royal Bank, Dresdner Bank and National Australia Bank. Throughout this time Karl gained extensive trading experience and held various management roles including Head of Foreign Exchange National Australia Bank (1996-98). Across this time he oversaw a doubling of FX revenue and net profit.
Since 1998, Karl has been a significant contributor to the Australian hedge fund community primarily via executive roles with Kaiser Trading Group Pty Ltd (‘KTG”). Commencing in 1998, KTG rose to peak assets under management of US$2.2 billion in 2008. As part of the team, Karl drove innovation, business strategy and marketing of KTG, helping to make it one of Australia’s largest and most successful CTA hedge funds.
Karl also established an agency-style business for National Custodian Services (“NCS”). Under a three-year contract (2000-2003) via his company Financial Markets Services Pty Ltd, the agency business enabled NCS to extract value from client financial markets turnover whilst ensuring its fiduciary responsibilities were satisfied. By 2003 the agency business was the major contributor to net profit for NCS.
Karl has built a dynamic financial career combining strong business acumen with a forte for strategic innovation.