Fund People Update

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New Appointments

FEAL appoints board member

Laura Wright, NGS Super chief executive, is the latest board member at the Fund Executive Association Ltd (FEAL), a professional development organisation for fund executives. Wright was a founding trustee director of NGS Super and has a great deal of operational and administration experience to bring to the role. Wright is replacing Graeme Arnott, who has retired.

NGS Super has started the process of merger negotiations with Australian Catholic Superannuation, with Wright taking an as-yet-unspecified role in the combined entity.

Schroders appoints private debt head

Nicole Kidd is the first head of private debt in Australia at Schroders, set to help build and develop private debt capabilities at the company as of September. Kidd moves across from being managing director and head of corporate banking at RBC Capital Markets. Kidd has worked at RBC since 2007 in international roles.

Future Super appoints investments committee executive chair, governance head

Lee Brennan has been appointed as executive chair of Future Super’s investment committee, moving into the role from portfolio manager at Grosvenor Pirie Management and Future Super.

Fahmi Hosain is the new head of governance and regulatory affairs at Future Super. Hosain moves to the super fund after a long career - almost 17 years - at the Australian Prudential Regulation Authority (APRA). After leaving APRA, Hosain has been running the advisory firm he co-founded, Rhizome Advisory Group.

Maple-Brown Abbott appoints first-ever risk chief, head of finance and PR

Lata McNulty has been promoted to the newly-created role of chief risk officer at Maple-Brown Abbott. McNulty joined the company in March 2020 as head of projects. McNulty comes with significant experience in the industry. Wendy Cox has joined as head of finance and human resources.

Westpac welcomes director of global investment services in NSW

Phil Filippelis is the new director of global investment services in New South Wales, moving from a role at BNY Melon as country head.

Cbus appoints head of service, member and employer experience

Natalie Hannemann is the latest appointment at Cbus, moving from World Vision into a role as head of service, member and employer experience.

Departures

First State Super loses deputy CEO

Graeme Arnott has left First State Super as deputy chief executive to retire. The role was meant to finish at the end of June but was extended for an extra month to help finalise plans for the merger with WA Super. The role will not be replaced, and new executive announcements are expected as the brand shifts to Aware Super.

AMP Capital CEO and executives depart

After shareholders responded to the chief executive appointment of Boe Pahari in light of a sexual harassment scandal, Boe Pahari is stepping down at the helm of AMP after only just being appointed. Also due to feedback, the chair of AMP Capital, David Murray, is leaving. John Fraser has also resigned as a non-executive director on the AMP board, and as chair and non-executive director on the AMP Capital board.

Pahari will return to his work for AMP Capital’s infrastructure equity business, as AMP CEO Francesco De Ferrari is now interim CEO as a replacement is found. Debra Hazelton, a board member since 2019, is replacing David Murray as chair, while also serving as a member of the remuneration, audit, nomination and risk committees. Hazelton is also an AMP Bank board member and member of the bank’s audit and risk committees, amongst other board roles.

Pahari was appointed as CEO of AMP Capital on 1 July 2020, however, major shareholders expressed concerns that the 2017 complaint against Pahari was not taken seriously enough, despite the board saying Pahari was penalised appropriately.

Christian Super CIO resigns

Tim Macready has resigned from Christian Super as chief investment officer, after being with the superannuation fund for 15 years. Macready is taking on another role at an impact investment firm, Brightlight Impact Advisory, where he has been serving as CIO since 2016.

Awards

IMAP managed account awards 2020 finalists announced

Licensees Managed Accounts

  • Crystal Wealth

  • Paradigm Group

  • The Lunar Group Pty Limited

  • Viridian Advisory Pty Ltd

  • WLM Financial Services

Innovation

  • Dynamic Asset Consulting

  • Elston

  • Financial Simplicity

  • Fincast

  • Managed Accounts

Australian Equities

  • Bennelong Australian Equity Partners

  • DFS Portfolio Solutions

  • DNR Capital

  • Macquarie Investment Management

  • SG Hiscock & Company

  • Shaw and Partners Limited

Australian Equities Small Cap

  • 8ip

  • Pearl Funds Management

  • Macquarie Investment Management

  • Watershed Funds Management

International

  • Pearl Funds Management

  • DFS Portfolio Solutions

  • Powerwrap – WCM Quality Global Growth

  • Prime Financial Group

  • Watershed Funds Management

Multi-Sector

  • Atrium Investment Management

  • DFS Portfolio Solutions

  • Dynamic Asset Consulting

  • Innova Asset Management

  • The Lunar Group Pty Limited

Other Asset Classes

  • DFS Portfolio Solutions

  • Mason Stevens

  • Prime Financial Group

  • Real Asset Management

  • Royston Capital