Australian Unity Investments shuffles management team

Australian Unity Investments (AUI) has restructured its operations to both manage its recent expansion and prepare for future growth.

Funds under management have increased almost six-fold over the past five years, from $1.8 billion to $10.3 billion, and it was time to review how operations were structured in the funds management arm of AUI, the company said.

“As a result of the changes, several new roles have been created and others have been enhanced to ensure the business is well-positioned to take advantage of existing and anticipated opportunities,” said head of AUI David Bryant.

Under the new structure, Adam Coughlan, previously general manager — retail, has become general manager — institutional and joint ventures. He is now responsible for institutional business development for a number of AUI’s joint ventures, as well as AUI’s direct property business.

Cameron Dickman, previously head of retail distribution, has been promoted to general manager — retail, and will now also be responsible for AUI’s retail product and research functions.

Mark Pratt, previously chief operating officer, now heads up a newly-created division as general manager — property, mortgages and banking.

Kirsty Dullahide, general manager — investments and strategy, has assumed greater responsibility for merger and acquisition activities, strategic alliances, and creating new business opportunities.

Roy Prasad remains head of mortgages, but under the restructure the internal asset management businesses are now looked after by Mark Pratt, while the joint venture businesses are looked after by Adam Coughlan, the company said.