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
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.

