New chief executive at Treasury Group
Treasury Grouphas reshuffled its management structure as the group aims to focus on managing and growing its existing boutique investment businesses rather than further expansion of the group.
Treasury’s former manager of strategic investment, David Cooper, has taken on the newly created role of chief executive officer, while managing director Rodney Green has renewed his contract but had his role redefined.
Cooper says the business as it stands at the moment is different to the cash shell that existed four years ago, and that the management have had to adapt to the evolving business.
In his role Cooper says he will be focussing more on the day to day management of the company, while Green will now devote more energy to the specialist tasks required by the different boutique managers.
In his previous role as strategic investment manager, Cooper analysed the new deals done by the group, and played a key role in the establishment ofOrion Asset Managementand Confluence Asset Management as well as in the floatation of listed investment company, Premium Investors Limited.
However, Cooper says the business has to manage existing ventures well rather than continuously expand.
Green is to remain on the Treasury Group board as an executive director and will also assume positions on the newly formed board remuneration and nomination sub-committees.
He will also continue in his directorship role on the Board of Directors ofInvestors Mutual, Treasury Group Investment Services and as chairman of Premium Investors Limited.
The group says it now has investments in four operating funds management businesses, management rights to Premium Investors, as well as a full service administration support facility to the fund managers in the group.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
