BT rounds off manager selection group
BT Financial Group has appointed the seventh and last member of its Investment Management Selection Group, former Intech senior portfolio manager Chris Thompson.
Thompson will be responsible for choosing and monitoring Australian equity and listed property trust managers engaged by BT.
BT’s Investment Management Selection Group was established last October, for the purpose of developing a multi-manager product to be distributed through Westpac Financial Planning services.
BT already has a strong relationship with Intech, which is responsible for selecting the underlying managers and the portfolio construction of multi-manager funds used by BT, including the recently released International Shares High Opportunities Trust.
“BT will continue to offer the Intech constructed multi-manager products. In addition, the Investment Manager Selection Group will be responsible for building a proprietary set of multi-manager funds to be distributed through the Westpac Financial Planning Services channel. Chris will be a key contributor to this project,” BT head of investment manger selection Stewart Brentnall said.
BT currently invests over $14 billion with external managers, largely through strategic alliances with the likes of Intech, Putnam, BlackRock, Grosvenor and AEW.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
