BlackRock makes new appointments
BlackRock Australia has strengthened its client services with the appointments of Stuart Dunn as head of wealth distribution for Northern region while Linda Kang has been appointed as lead research relationship manager.
The company said the move followed six appointments made in November and was a part of a strategy to streamline the delivery of client services by integrating BlackRock Australia’s institutional and retail distribution teams.
Dunn has joined from Perpetual Investments, where he spent nine years, while Kang previously worked for Challenger/Fidante Partners in the national key accounts team for research houses.
BlackRock’s head of client business in Australasia, Jason Collins, said: “The landscape to serve institutional and wealth sectors has evolved along with regulatory reform, advances in portfolio risk and compliance technology, as well as developments in advice and retirement solutions”.
“Investing in client services is imperative to capture the opportunities that these changes brought to the superannuation and advice industry,” he said.
“The appointments reflect BackRock’s focus on building meaningful and sustainable partnerships with clients to help facilitate better outcomes for the broader investor community.”
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
