Board members

1419 Staff Pebble Headshot R1b201ELLIS VAREJES

Non-executive Chair

Ellis was appointed as the non-executive chair of the responsible entity of the Pengana Private Equity Trust in January 2019. He has degrees in commerce and law, is a member of the Australian Institute of Company Directors and of the Law Society of New South Wales.

He was a lawyer in private practice in Sydney for 25 years, working in corporate advisory, capital markets and financial services law. Following that, Ellis was for over a decade the chief operating officer of Abacus Property Group.

Currently, Ellis is a director of Equity Trustees Superannuation Limited and provides corporate advisory advice to the financial services sector.


1419 Staff Pebble Headshot R1a200Ilan Zimerman

Non-executive Director

Ilan Zimerman is a solicitor of over 30 years standing. He is currently the principal of Sapient Legal, a law practice that he founded in 2015. Ilan commenced his legal career in South Africa in 1990 and has also held several in house counsel roles. He holds a Bachelor of Arts and Laws as well as an MBA all from the University of the Witwatersrand, South Africa. He also holds an Applied Diploma in Corporate Governance.




Executive Director

Russel Pillemer is a Non-Executive Director of Pengana International Equities Limited.

Russel is also Managing Director and Chief Executive Officer of Pengana Capital Group Limited. Russel co-founded Pengana in 2003 and has been its Chief Executive Officer since inception.

Prior to founding Pengana, Russel worked in the Investment Banking Division of Goldman Sachs in New York where he specialised in providing advice to funds management businesses. Before moving to New York, he was responsible for leading Goldman Sachs’ Australian Financial Institutions Group. Russel was previously Chairman of Centric Wealth Group and a Principal of Turnbull Pillemer Capital.

He is a member of the Institute of Chartered Accountants in Australia and has a Bachelor of Commerce (Hons) from the University of New South Wales.




Executive Director

Katrina is the Chief Financial Officer of Pengana and has held this role since the inception of the company in 2003. She is an Executive Director of Pengana Capital and Pengana Investment Management Limited and is a member of Pengana’s Compliance and Risk Management Committees.

Katrina is an experienced financial services executive with over 25 years' experience across a diverse range of products, investors and regulatory regimes.

Prior to joining Pengana, Katrina was an Executive Vice President at BT Funds Management where she held a number of roles in the nine year period. Prior to that she worked for Price Waterhouse specialising in banking and financial services audit.

Katrina has a Bachelor of Economics from the University of Sydney, is an Australian Chartered Accountant, a Fellow of FINSIA and a Graduate of the Australian Institute of Company Directors.