New CEO for JANA


Ken Marshman
Key changes have been announced at the top of major investment advisory firm JANA, with Ken Marshman standing aside as chief executive officer (CEO) to fill a new role as head of investment outcomes and Ian Patrick becoming the new CEO.
According to an announcement released today, Marshman will remain chairman of JANA but will be focusing his efforts on investment markets and the delivery of outperformance to JANA’s customers.
It said Patrick would have responsibility for managing JANA’s commercial interests and the day-to-day operations of the firm.
Patrick’s former role as head of international equities research will be filled by Michael Mulcahy, who was recently recruited to JANA from Suncorp.
Recommended for you
Large AFSLs with more than 100 advisers are seeing the largest losses in both adviser and AFSL numbers as individuals seek a smaller, personal vision in their work.
Former deputy CEO of AMP Capital, David Atkin, has announced he will be returning to Australia after stepping down as chief executive of the Principles for Responsible Investment organisation.
A global Morgan Stanley report has found 83 per cent of Asia-Pacific individual investors would select a financial adviser based on their sustainable investment offerings, and are most understanding of how ESG can boost returns.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end, with one bidder opting to pull out.