Morningstar picks up IOOF executive
EX-IOOF national account manager Geof Marsh has joinedMorningstaras Australian national account executive, and will now be responsible for managing and developing the research house’s relationships with financial advisory groups and stockbroking firms.
Earlier this year, Marsh leftIOOF Funds Managementwhen he and two other members of the business development team, David Hallifax and Walter Leskiw, were made redundant.
Prior to IOOF Marsh worked atRural Funds ManagementandHSBC Bank Australia.
Marsh’s appointment follows the recent appointment of Anthony Serhan to lead the Morningstar consulting business, and the appointment of Scott Cooley from the group’s US office as chief operating officer.
Other recent movements have included a spate of departures and a restructure of the research business over the last 18 months that has resulted in changes to the research process and ratings the group has produced.
InMoney Management’srecent Rating the Raters survey, Morningstar suffered criticism for the number of staff changes over the last year.
But Serhan says that “looking forward, you’re going to see a major change in the perception of Morningstar, for the better”.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
