Return quality
and reliability


At Whitefield, we believe that rigour, consistency and efficiency are vital contributors to the delivery of good quality investment returns.


Whitefield utilises a quantitative investment infrastructure to systematically assess and contrast the investment and financial characteristics of ASX listed entities, in order to create a highly diversified portfolio capable of generating quality and reliability of return.


As Australia’s oldest listed investment company, Whitefield Industrials Ltd has successfully navigated changing economic conditions over many decades. While we learn from history we also look to the future. Collectively our current investment personnel and directors bring together many years of experience with Whitefield and a depth of contemporary funds management knowledge.

An investment of $10,000 in Whitefield Ltd in 1970 would have been worth more than $3,000,000* at our last year end.

*After the payment or provision of company tax and assuming the reinvestment of dividends.

Our team


ANGUS GLUSKIE Chairman & Managing Director BEc, Graduate Diploma in Applied Finance & Investment, CA, FFin

Angus has over 30 years’ experience in the investment management and financial services fields. He has qualifications in investment management, economics and chartered accountancy. He has worked with Whitefield and associated entities since 1987.

WILL SEDDON Investment Executive & Director BEc, CFA, CAIA, SAFin

Will has over 15 years’ experience as a wholesale investment manager and analyst, including more than a decade working with Whitefield. He has significant experience in fundamental analysis, investment strategy and quantitative techniques.

PETER BORKOVEC Investment Executive MCom (Funds Management), BBUS

Peter has over 15 years’ experience in wholesale funds management, including more than a decade working with Whitefield. He has significant experience in fundamental analysis, investment strategy, statistics and quantitative techniques.

STUART MADELEY Investment Executive & Company Secretary BA(hons) Pure Maths, MBA

Stuart has over 25 years’ experience in financial services and funds management, including more than 15 years with Whitefield. He has significant experience in investment operations and information technology systems.


JENELLE WEBSTER Director B.Com, CA, Registered Company Auditor, IIAA, GIAA

Jenelle has over 20 years’ experience in audit, accounting and financial services. She has worked with Price Waterhouse Coopers, Moore Stephens Australia and Ernst & Young and was previously the Chief Financial Officer of St. Vincent’s Private Hospital Sydney. She is currently the Acting Director of Finance and Director of Advancement at The Scots College, and a Non-Executive Director of Cadence Capital Ltd and EVT Limited

MARK BEARDOW Director B.Ec, CFA, Graduate Dip Applied Finance and Investment, Cert Management MGSM, GAICD

Mark has over 25 years’ experience in investment management and financial markets. He has worked with JPMorgan and UBS, served as Chief Investment Officer Global Equities and Fixed Income for AMP Capital and as Principal of Darling Macro Fund. He is currently CIO, Insurance and Care NSW.

LANCE JENKINS Director LLB, BCA (Vic), MBA (New York)

Lance has over 20 years of financial markets experience. He has held senior roles with Goldman Sachs JBWere in New York, was CEO and Managing Director of Goldman Sachs JBWere New Zealand, Head of Cash Equities at the Commonwealth Bank of Australia and was an Executive Director of Waterman Capital. He is a past director of Partners Life, Spicers Financial (an AMP subsidiary) and the MFB Group . He is currently an Executive Director of CCA Capital, and a Non-Executive Director of BePure Health Limited and Stuart Drummond Transport Ltd

The Company


Whitefield Industrials Ltd invests in a diversified portfolio of ASX listed Industrial (non-resource) shares. An investment in WHF Ordinary shares provides an investor with a stream of fully franked dividends as well as the potential to benefit from growth in the underlying value of the investment portfolio over time.

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