Ausbil Dexia co-founder calls it a day
Style neutral investment group Ausbil Dexia co-founder Michael Wilson has announced his retirement from the firm, seven years after its launch through a joint venture between senior members of Ausbil and Belgium-based Dexia Asset Management.
Wilson, who is director global products and the former chief investment officer of the group, will depart on August 13. Global product manager Andrew Hay will be succeeding him as head of Dexia Asset Management’s marketing operations in Australia.
In recent times, Wilson directed his energies towards the establishment and marketing of the Dexia Sustainable World Equities Fund (DSWEF), which launched in November 2002.
Under Hay, the firm will now look to expand its marketing team in both the institutional and retail areas, in a bid to effectively co-ordinate the marketing of Ausbil’s domestic products along with Dexia’s global products.
“While Michael will be missed, Ausbil Dexia remains totally committed to continuing to grow the global product within a significantly expanded team,” group chief executive officer Paul Xiradis says.
Wilson has previously worked for Westpac Bank and was also the co-founder of another investment group — Barclays-BZW Investment Management.
Xiradis says the broader marketing team will be well resourced with both institutional and retail platform servicing expertise.
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.
