ANZ scores AXA executive
AXA Australia senior executive Mark Armour is leaving the group after nearly 19 years to head up the ANZ investment management team.
Armour will take up his position as ANZ Funds Management and Insurance (ANZFM) chief investment officer next month, following on from the promotion of former chief investment officer Bruce Bonyhady to ANZFM managing director.
For two years Armour was AXA funds management chief executive before becoming director of e-commerce and business development in July last year.
Armour has held quite a number of executive positions in his long career at National Mutual and then AXA Australia, such as managing director of Australian Casualty & Life from January 1997 to May 1998, and group strategy manager of National Mutual Holdings from July 1995 to December 1996.
Armour also has global experience in funds management, from October 1990 to 1994 he was managing director of National Mutual Funds Management based in Hong Kong and then executive director International Strategy for National Mutual Funds Management (Global) from February 1994 to June 1995.
In the new role Armour will lead a team of about 90 people, and report to Bonyhady.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
