Pinnacle Investment Management (Pinnacle) is an Australian investment management company. It is publicly traded on the Australian Securities Exchange and is a constituent member of the S&P/ASX 200 and S&P/ASX 300 indices. The company takes stakes in other investment management firms as affiliates and offers them administrative support and other services.
Background
The origins of Pinnacle can be traced to Wilson HTM Investment Group (Wilson HTM), an Australian stockbroker and later investment management firm that was established in 1895.[2]
In the early 1990s, Steven Wilson the then-Chairman and CEO of Wilson HTM visited New York and noticed that on the trading floor of a large US investment bank, the bulk of markets trading was for its own account, and often occurred against positions held by customers. Before proprietary trading was banned, Wilson already observed a challenged model. As a result, Wilson made the decision to move the company into investment management and in 1996 established Hyperion Asset Management under it.[3]