Ex-Merrill analyst heads up ABN AMRO research
ABN AMRO has appointed Jock McKinlay, formerly senior resources analyst at Merrill Lynch, as its head of equities research.
McKinlay was senior diversified resources analyst at Merrill Lynch, and prior to that, was head of resources research at McIntosh Securities. He has more than 18 years industry experience.
ABN AMRO head of equities Alastair Barr says that the appointment of McKinlay is in line with ABN's intended increased penetration in the local equities market, with the goal of being in the top five of both research and trading by the end of this year.
"Jock's appointment will ensure that the integration of our local research into our regional and global sector teams will deliver clients tailor-made investment advice specific to their business requirements," Barr says.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
