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
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
