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Aus Ethical sets sights for domination

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The ethical wealth group has set the ambitious goal of becoming one of Australia’s largest investment managers by the end of the decade, as it is looks to shake up its asset allocation and technology capabilities. Australian Ethical has signalled an incoming revamp to its asset management, to result from an external review, as it has also hired a new head for the division. John Woods has jumped ship from MLC, where he was a portfolio manager, to take the role of head of asset allocation at Australian Ethical.

The new job will see him take responsibility for the group’s balanced fund and overall strategic allocation process. Mr Woods’ appointment has followed the recent promotion of former equity analyst Mike Murray to head of domestic equities. The group also recently enlisted start-up asset manager Alpha Vista, to conduct a review of its asset allocation governance framework.

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