Colonial to lose global asset boss
Financial services group ColonialFirstState is in the market for a new chief executive of its global asset management division as current chief Warwick Negus will complete his term at the end of a three-year contract on June 1, 2008.
Commonwealth Bank group executive of wealth management Grahame Petersen said Negus has increased the diversification of the business across asset classes and geographies since joining the group in 2005.
“Warwick’s energy and experience have been important in taking the business to a new level.
“We are now in the fortunate position to have a highly skilled leadership team that will be able to continue to refine and embed the strategy for the funds management business,” Petersen said.
An internal and external executive search is underway to fill Negus’ role.
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