John Hyslop, one of the key architects behind Colonial First State’s new ‘First Choice’ master trust, has joined IOOF in position of head of business development.
Hyslop will report directly to general manager of retail funds management Richard Nunn in what is a newly created position.
Hyslop has more than 15 years experience in financial product development and distribution, including at Navigator and Asgard.
According to Nunn, Hyslop will play a pivotal role in expanding IOOF’s retail funds management division.
“John’s broad understanding of the distribution of financial products will be an enormous addition to our growth strategy, of forming strategic partnerships with independent financial planning groups,” Nunn says.
IOOF expects to list within the next 12 months, after demutualising on June 30, 2002. It holds $3.4 billion in funds under management and administration through its IOOF Funds Management arm.
In October this year IOOF also embarked on a deal to launch a new planning dealership, Financial Partnership.
IOOF has taken a 25 per cent stake in the dealership, which will use a customised version of IOOF’s Max master trust.
