Credit Suisse investment chief departs
Credit Suisse Asset Management (Australia) chief investment officer Tim Ryan has resigned, citing personal reasons for his sudden departure.
Ryan will formally leave in June but will remain with the group for the next three months to help in the transition process.
Robert Mann, who is currently deputy CIO, and head of fixed interest, will replace Ryan in the top investment position and retain his current role in fixed interest.
Mann has been with the Credit Suisse Group for 15 years and has held the deputy role since 1997.
He will also be the head of the investment committee, and be responsible for asset allocation.
In other company promotions, Craig McCourtie will become head of Australian equities after holding the deputy's role since 1996.
McCourtie will be responsible for equity strategy in addition to his sector and portfolio management responsibilities. Richard Kornman has also been internally promoted to deputy head of Australian equities.
Russell Bye, head of international equities and McCourtie, will join Robert Mann and Lindsay Gibson on the investment committee.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
