Tyndall Asset Management announces changes to its management ranks after current Australian equities head said he is retiring in September.

Tyndall Asset Management, the Australian financial services firm, has announced that Bob Van Munster, the head of Australian equities, is retiring in September this year after almost 40 years in the industry.

Van Munster will be replaced by Brad Potter, who will assume his new role starting 1 June, with Van Munster remaining for a further three months. His co-management responsibilities for the Tyndall flagship Australian equity strategy will be taken over by portfolio manager Jason Kim starting on 1 May. He has been with the company for 12 years.

Potter joined Tyndall in 2002 and has been co-managing the Australian equity strategy with Van Munster for the past seven years. He retains his responsibilities in this role even after assuming his new post. Kim has been with the company since 2000 and serves as co-portfolio manager for the Tyndall Australian Share Concentrated Fund and is responsible for insurance and contractor stocks.

Warwick Cumming will continue in his role as deputy head.

Tyndall AM is owned by Nikko Asset Management and records around A$23 billion ($20.8 billion) in funds under management as at 31 December 2013.