Morris to quit BTIM next week
BT Investment Management's chief executive, Dirk Morris, will leave the fund manager next Monday rather than on October 1 as announced last week.
A BTIM statement on the Australian Securities Exchange this morning gave no reason for the move, saying only that chairman Brian Scullin would assume the role of executive chairman, taking responsibility for day-to-day management of the company.
Morris resigned at the same time as presenting a three to five-year strategic plan to BT Investment Management's board, saying he himself could not commit to the plan’s timeline.
Executive search firm Egon Zehnder has been appointed to undertake an international search for the new chief executive for BTIM.
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.
