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Moelis makes key distribution hires

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

Moelis Australia has announced changes to its asset management distribution team, with three new recruits joining the financial services firm. Speaking to InvestorDaily, Moelis Australia Head of Asset Management Andrew Martin confirmed the recruitment of Lee Hayes, Adam Mackie and Amanda Lambert. Lee Hayes has joined the firm as executive director of distribution for the asset management division. He joins from Macquarie where he was co-head of distribution for the Macquarie Specialist Investments business.

Moelis has also hired two vice-presidents of distribution, with Amanda Lambert joining from NAB Wealth where she was a Victorian state manager, and former Fidelity business development manager Adam Mackie also joining the team. “We bolstered our Australian Distribution Team in April with the appointment of Lee Hayes, Adam Mackie and Amanda Lambert who together bring a host of experience and knowledge across the asset management landscape,” Mr Martin said. “The appointments reflect increasing demand for our products and  reinforce Moelis Australia’s growth strategy in asset management.”

This article can be found at investordaily.com.au.

 

Industry Super Australia CEO departs

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

The longstanding chief executive of Industry Super Australia, David Whiteley, will leave the lobby group after leading it for 12 years to join IFM Investors. David Whiteley will leave Industry Super Australia after 12 years as its chief executive to join IFM Investors as global head of external relations. Mr Whiteley has led the industry super campaign against retail funds for the past decade, overseeing the ‘Compare the Pair’ marketing campaign.

His new role at IFM Investors, a global fund manager that invests money on behalf of its industry fund owners, will be to head up global external relations. In his new role at IFM Investors, which he is expected to begin in September, Mr Whiteley will report to the fund manager’s chief executive Brett Himbury. The IFM Investors role will see Mr Whiteley have global responsibility for the firm’s relationships with government, media, shareholders and industry groups.

The rest of this article can be found at investordaily.com.au.

Morgan Stanley urges fund managers to automate

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

In order to stay competitive in an ebbing bull market, asset managers should look towards automation, outsourcing and consolidation, says Morgan Stanley. In a statement on the Morgan Stanley website, European diversified financials equity analyst Anil Sharma noted the “mounting pressure on firms to cut their management fees”. “For many firms, the lion’s share of AUM growth came from market gains rather than new flows,” Mr Sharma wrote.

“When the winds turn the other direction, the reality of these fee pressures could come to light.” The industry had missed the opportunity to leverage the bull market for greater efficiencies and cost base restructuring, he said. “Several forces are at play, but the root problem is pressure on high management fees and perception of value for money – evidenced by the flow of assets out of actively-managed funds and into passive portfolios,” Mr Sharma wrote.

The rest of this article can be found at investordaily.com.au.

FIIG Securities opens European office

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

hedgeweek

Fixed income house, FIIG Securities Limited, has opened its first offshore subsidiary in Europe following substantial growth and demand for international fixed income and high yield investments in Australia. The new European hub, FIIG International Limited, is based in Malta (EU) and allows the FIIG Group to seamlessly operate business across Europe. The opening of this office is a major milestone, giving European investors more direct access to the Australian corporate bond market.

Managing Director of FIIG Securities, Jim Stening, says: “The European subsidiary will allow us to more effectively reach our counterparties based in Europe. “This latest announcement also provides us with the opportunity to introduce European investors to the evolving Australian corporate bond market. Our new European presence is a natural progression of the strong growth in Australia and is the initial stage in establishing a global footprint for the group”.

The rest of this article can be found at hedgeweek.com.

Frontier Advisors appoints new CEO

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

InvestorDaily

Asset consultant Frontier Advisors has appointed former MyState and ANZ executive Andrew Polson as its new chief executive. Andrew Polson, who was most recently general manager of wealth management at MyState, has been appointed as the new chief executive of Frontier Advisors. Mr Polson will replace Damian Moloney, whose resignation was announced in September 2017.

Before his two-year stint at MyState, Mr Polson spent 15 years in the wealth management division of ANZ (punctuated by three years at IOOF as head of product between 2004 and 2006). Frontier Advisors chair Gabriel Szondy said Mr Polson has experience in both strategic development and operational management within the investment and wealth management sectors. “We believe he will build on the firm’s current strong position and identify new opportunities to lead the firm toward,” Mr Szondy said.

The rest of this article can be found at investordaily.com.au.