Frais Capital advisors are recognised industry experts with depth of knowledge and hands-on market expertise. While alert, curious and flexible when it comes to new market opportunities, their core value is to provide the best, reliable, educated advice to achieve their clients’ needs.
Our People
Siobhan Blewitt
Founder | CEO | Portfolio Manager
As Founder, CEO and Portfolio Manager at Frais Capital, Siobhan’s extensive experience includes Partner, Baillieu Stockbroking: Executive Director, Morgan Stanley, Founding Partner Stellan Capital and Honorary Advisor/Chair Royal Australasian College of Surgeons investment committee. Siobhan is a member of the FCJ Sisters and Cottage By The Sea Investment Committees.
With deep market and macro-economic knowledge, Siobhan provides holistic and tailored investment advice, seeking to understand a client’s full financial position and provide advice specific to their needs, while also providing unique insight and access to the highest quality macro and stock specific research, translating to actionable investment opportunities.
B.Ec, G.Dis AF (ASIA), M.AppFin (Melbourne University), GAICD, Fellow FINISIA
Hasan Tevfik
Investment Strategist, MST
Hasan Tevfik joined MST in 2018 as the Investment Strategist based in Sydney. He is part of a team that concentrates on broader themes within financial markets and their implications for investors. Hasan believes independent research can provide the most objective and insightful analysis to help investors make decisions. He has previously worked as an Australian, European and Global Equity Strategist, with Credit Suisse and Citigroup in Sydney and London.
Hasan has more than 20 years’ experience in the investment industry and started as a junior investment analyst just before the Asian crisis in 1997. He holds a Bachelor of Economics (First Class Hons) from La Trobe University and is a CFA charter holder.
Jarrod Bakker
Research Sales, MST
Jarrod has had a 17-year career in financial markets focussed on equity markets in Asia and Australia.
Prior to joining MST, Jarrod spent most of his career with Citigroup Global Markets, in roles that included Asia Sales and Trading and running the Australian Hedge Fund Product.
He is skilled in Sales Trading, Hedge Fund Sales and Bloomberg and Financial Markets and is a strong finance professional with a Master of Applied Finance from Macquarie University.
Mike Saba
Fixed Income Consultant, GCI Australia | Investment Committee Member
Michael has been active in the Australian Securities markets for 30 years as an analyst, broker and portfolio manager at major Australian broking houses such as ANZ McCaughan and Goldman Sachs JBWere. Michael specialises in analysis of the full spectrum of instruments in a company’s capital structure, especially hybrids and convertible securities.
From 2009-2019 Michael started and managed the Fixed Income and Equity Derivatives team at Evans and Partners. This involved overseeing the exchange traded and OTC debt and hybrid dealing desk for primary and secondary trading, as a Portfolio manager for a number of private and public fixed interest portfolios and an Equity Derivatives fund. Michael was a board member for Evans and Partners from 2015-2017 and a member of the firm’s investment committee in 2019. In the last 10 years Michael has sat on various investment committees in both professional and volunteer roles. Currently Michael advises several investment houses on the fixed interest market, working closely with advisors and portfolio managers on various fixed income portfolios.
Dr Les Coleman
Investment Committee Member | Honorary Fellow University of Melbourne
Les Coleman trained as an engineer, and spent 28 years in senior management positions with resources, manufacturing and finance companies in Australia and overseas. During this time he was trustee of three superannuation funds and director of a dozen unlisted companies, along with four years as a columnist with The Australian.
He then completed a PhD on risk management and joined the University of Melbourne Faculty of Business and Economics in 2004. As an academic, Les had part time roles as a director of Australian Ethical Investment and member of the Investment Committee of Insignia Financial, contributes regularly to the media and delivers executive education programs in Australia and overseas. His academic and practitioner background support an applied research agenda, with eight books and over 30 journal articles on topics as diverse as returns from investment in agriculture, behavioural corporate finance, climate change, wagering markets, and risk management. More recently Les has become interested in metaresearch, or research about research, which prompted his latest book Research in Crisis (Routledge, London, 2021) and two multidisciplinary papers on astrophysics (here and here). Through OpEds in Australian Financial Review and other media, Les has laid out strategies to improve university governance and research. He is working on a new book entitled Business Case for Sustainability.
Celeste Blewitt
Chief Operating Officer
BContempArts, GDipMedia&Comm, MBus(ACM)
Celeste has a lead focus on culture, innovation and ideas, with extensive experience in strategy execution, process optimisation and team leadership. Drawing on experience in the film and television sector, Celeste brings commercial discipline, operational rigour and delivery-focused leadership to her role. Celeste has a Bachelor of Contemporary Arts from Deakin University, and a Master of Business from Deakin University. As a regular contributor to international social and cultural journals, Celeste is passionate about culture, politics, innovation and society.
Celeste is RG-146 compliant.
Isaac Dunell
Research Analyst
Isaac is a third year Bachelor of Commerce student completing a double major in Economics and Finance at the University of Melbourne. He is fascinated by the interdependence of global economies and the feedback mechanisms that permeate financial markets.
Joining as a Research Analyst at Frais Capital, Isaac has had the opportunity to deepen his understanding of financial markets. Committed to constant growth and learning, he is focused on contributing meaningfully to the firm’s success.
Liam Nguyen
Research Analyst
Liam is a third-year Bachelor of Commerce student with a double major in Accounting and Finance at the University of Melbourne. He joins as a Research Analyst at Frais Capital, pursuing his interests in finance and business through global markets research and client reporting.
Liam enjoys the unique aspects of working at Frais Capital, where he can actively contribute to innovative projects focused on driving the firm’s growth and success.
Advisory Council
The Frais Capital Advisory Council has a focus on best practice. Each member has a proven industry experience and deep understanding of their sectors, from wealth management, accounting, and governance perspectives. They challenge and guide the business, Frais Capital.
Rob Dalton
Non-Executive Director
Rob is an experienced executive with over 35 years’ experience in complex commercial roles and transactions as well as 25 years as an Advisory and Assurance Partner in Big 4 Accounting and Consulting firms.
During his career he has also committed himself in a voluntary Director capacity to renowned institutions including The Victorian College of the Arts, where he was Finance Director for 10 years, an Advisory Board member at Monash University Accounting and Finance Faculty for 22 years, and Finance Director at the Centre for Hearing Impaired Children for 10 years. As a sportsman, he represented Victoria at the elite level in Field Hockey as a player, coach, and Chairman of the sport for over 25 years. Asked to become a Director of the Richmond Football Club, from 2004 – 2019, Rob held roles including Finance Director, Deputy Chair, Chair of Audit and Risk, and Chair of subsidiary Aligned Leisure.
Over the last two years, Rob has been the CEO of the Australian Sports Commission, Sports Australia and the AIS.
Annette Kimmitt AM
Non-Executive Director
Annette has over 40 years professional and commercial experience in both the public and private sectors, including as a CEO, Managing Partner and regulator. She also has over 15 years experience as a non-executive director in highly regulated industries such as aviation, funds and investment management, financial services and education. She brings deep expertise in complex enterprise transformation and in regulatory and risk management.
She is currently non-executive director, Chair of the Audit and Risk Committee and member of the Investments Committee of Mirrabooka Investments Ltd and non-executive director and Chair of the Remuneration Committee of The Trawalla Group. She is a member of the Audit Committee of Latitude Group Holdings Ltd – Australia’s largest non-bank consumer lender – and a council member of Monash University’s Industry Council of Advisors. Annette is also currently Chair of the ACT Government’s Independent Inquiry into the Future of Clubs, which is due to report its findings in May 2026.
Chloe McCormick
Student Advisory Representative
Chloe is an Australian student studying the intersections of AI, Energy, Economics, and Society at Harvard University. While in Australia, Chloe taught over 1,800 students coding and climate technologies through her social enterprise, Code Green. Now at Harvard, she is heavily involved in campus life. This has manifested largely through board membership of prestigious campus business clubs, including The Crimson Newspaper’s Business Board and The Camel. Following the footsteps of the likes of JFK, on the Crimson Newspaper’s Business Board, Chloe serves as a Business Associate. Supporting the newspaper’s financial independence with an entirely student team, she is working with world-leading companies, including Amazon, Ray-Ban, and others, to market their offerings on campus. Additionally, she is a board member of The Camel. Launched in 2024, it is a groundbreaking student-led initiative. Chloe is leading operations for the organization’s premier event, a three-day hackathon, working with top companies and VCs, including Cursor, General Catalyst, and Red Bull. Chloe is pursuing a Bachelor of Science. Statistics (Machine Learning), Min. Energy at Harvard University. Her ambition is to return to Australia and contribute to local innovation.
Strategic Partners
Frais Capital has access to the leading research analysts, data and technology companies locally and internationally. It is a key focus of Frais Capital to incorporate and work with these leaders in their fields to achieve positive outcomes for clients.
