MLC appoints John Brakey head of private equity
MLC has appointed private equity specialist John Brakey from global alternatives manager KKR to head up MLC's private equity division, starting from later this month.
At KKR Brakey was responsible for investor relations and fundraising for private equity in the Australian and New Zealand market. Prior to that he was head of private equity at Macquarie Bank, where he built the private equity team and grew funds under management from $160 million to over $5 billion, according to MLC.
Garry Mulcahy, MLC's executive general manager, asset management, welcomed Brakey to the team and said MLC was committed to building and strengthening its private equity business.
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.