Management profile

David Bryant

Managing Director

David Bryant established RFM in February 1997 and since that time has led the team that is responsible for the acquisition of large-scale agricultural property assets and associated water entitlements.  As of 31 December 2017, RFM manages over $740 million of agricultural assets.

On a day-to-day level, David is responsible for leading the RFM Executive, maintaining key commercial relationships and sourcing new business opportunities.

David holds a Diploma of Financial Planning from the Royal Melbourne Institute of Technology (RMIT) University and a Master of Agribusiness from The University of Melbourne.

Stuart Waight


Stuart Waight joined RFM in 2003 bringing extensive financial management experience in the accounting profession and in the commercial sector, including his role as a Chief Financial Officer and Treasurer of a publicly listed company.

Stuart has a broad commercial and operational role within RFM providing a link between farm management activities, the Operations team, and the Corporate and Finance sections of RFM. As part of this role, he oversees RFM’s asset management activities including the direction of the National Managers of Poultry, Almonds, Cropping & Livestock and Cattle.  Stuart is also responsible for RFM’s borrowing activities, including the relationship with financiers.

Stuart is RFM’s joint company secretary.

Stuart holds a Bachelor of Commerce (Accounting major) from The University of Newcastle and is a Member of the Institute of Chartered Accountants.

Andrea Lemmon

Executive Manager - Funds Management

Andrea Lemmon has been with RFM since the firm’s foundation in 1997. Before joining RFM, Andrea was a partner at one of Canberra’s largest financial planning firms. Andrea’s strong financial planning background is an asset in assisting RFM in the design of its financial products.

Today, Andrea is responsible for the provision of services and communications to RFM’s retail investors and advisers, including corporate actions and liaising with regulators.  In addition, Andrea is responsible for the Corporate Services team incorporating Human Resources; Health, Safety and Environment; Information Technology and Compliance.

Andrea holds a Diploma of Financial Planning from Deakin University.

Jonty Ephron

Chief Operating Officer

Jonty Ephron joined RFM in 2018 as Chief Operating Officer. Prior to joining RFM, Jonty worked as an executive with the ANZ bank gaining broad experience at a senior level in banking and consulting, both in Australia and overseas. He has worked across a range of sectors within Australian agribusiness, as well as other industries.

Jonty will work with all areas of the business to drive performance, identifying and executing investment opportunities that support the organisation’s growth agenda.  Jonty has active networks across many agribusiness sectors, and brings high level transactional and management expertise to RFM.

Jonty holds a Bachelor of Commerce and Bachelor of Business Administration from Macquarie University and is a Member of the Institute of Chartered Accountants in Australia and New Zealand.

Daniel Yap

Financial Controller

Daniel joined RFM in 2012 and has worked in the financial services industry for over twelve years, including six years with Ernst and Young where he worked with a range of clients including real estate investment trusts, not for profit entities, construction and infrastructure services clients, property development and hospitality clients.

Reporting directly to RFM’s Managing Director, Daniel manages the Finance and Accounting team which oversees and reports on the financial performance of both the RFM business and the funds that RFM manages. Daniel also manages the taxation aspects of each of the funds managed by RFM.

Daniel is a member of Chartered Accountants Australia and New Zealand and holds a Bachelor of Commerce (Accounting and Finance) from the University of Sydney.

James Powell

General Manager - Investor Relations and Marketing

James has worked in the financial services sector for 18 years, having spent seven years in the financial planning industry, including as a Financial Adviser in both national and boutique dealer groups. James first joined RFM as a Business Development Manager from 2006 to 2008, and returned in 2010 to take up the role of Investor Relations and Distribution Manager.

James is responsible for investor relations, marketing and distribution activities for both listed and unlisted investments.  James’s role focuses on the maintenance and development of key relationships to increase awareness of RFM’s investment products and opportunities.  He is also part of the product development team responsible for the design and development of new products.

James holds a Master of Business Administration (Executive) from the Royal Melbourne Institute of Technology (RMIT) University, a Master of Personal Financial Planning from the University of Southern Queensland and a Diploma of Financial Planning from Deakin University.

Daniel Edwards

Business Manager – Rural Funds Group and RFM Almond Projects

Daniel Edwards joined RFM in January 2005 and has over 16 years of experience in the financial planning and funds management industry, including four years as a Financial Planner.

Daniel has been closely involved in fund and asset development projects, including the development of almond orchards and chicken infrastructure projects.  He manages leases with the major counterparts, RFM’s water resources and the development of new assets.  Daniel is a member of the RFM Unit Pricing Committee and various RFM Due Diligence Committees for the development of new projects and offer documents.

Daniel is the Business Manager of the Rural Funds Group, the RFM Almond Funds 2006, 2007 and 2008, as well as the 2007 Macgrove Project. In this role, Daniel is responsible for the financial analysis, operational support, and day-to-day funds management of these entities.

Daniel holds a Bachelor of Business (Agricultural Commerce) from The University of Sydney and a Diploma of Financial Planning from Deakin University, and a Certificate IV in Project Management.

Tim Sheridan

Senior Analyst

Tim Sheridan joined RFM in 2008. Tim has extensive experience in the agricultural industry, encompassing sheep and cattle husbandry, feedlotting and dryland cropping.

Tim is responsible for the analysis of both new and existing project viability, utilising a practical knowledge of the industry in combination with an academic background in financial modelling.

Tim holds a Bachelor of Business (Banking and Finance) from the University of Canberra.