NAM shows its Hand
Rod Hand is set to take over the reigns as head of Australian equities at National Asset Management (NAM), following the promotion of Stephen Hiscock.
Hand, who has worked in various positions within the National for 14 years, will continue to be responsible for the management of NAM's listed property portfolios which he has been doing for the past year.
Prior to this position, Hand was responsible for NAB's Asian and European market portfolios.
Hiscock, who until recently was NAM's executive director of equities, moved into the new position of the company's Global Wealth Management (GWM) inhouse asset management general manager about a month ago.
In this role he will cover NAM and also be involved with the running of the GWM asset management division. Hiscock will remain involved in the portfolio construction processes for Australian equity and listed property portfolios.
Robert Hook and Jonathon Findlay have also joined NAM from internal positions, filling the complement of Australian equities team.
Hook joins the Australian equites team as senior portfolio manager after looking after NAM's South East Asian and sub-continent markets. He has more than 25 years experience in the financial services industry, holding roles with Prolific Asset Management, Security Pacific Investment group and Broadgate Asset Management in London.
Findlay joins the Australian equity group as a portfolio manager after managing the company's Japanese equity exposure. Prior to his positions with NAM, Findlay worked with Merrill Lynch in its international private client and institutional broking areas. He has more than six years of industry experience.
Both Hook and Findlay have moved into positions created by the acquisition of the MLC investment business.
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses.