Rothschild names senior management team
Rothschild Australia Asset Management(RAAM) has today announced the senior management team to head of its combined funds management venture with theWestpac Bank, revealing a mix of both group’s existing personnel, as well as two new faces.
Representing Rothschild is John Tuxworth, who has been appointed as the managing director of distribution. Tuxworth will be responsible for the strategic direction and management of the combined company’s sales and service operation.
Prior to this appointment, Tuxworth was chief operation officer for RAAM, having joined the company in 1989.
Also waving the flag for Rothschild is Peter Loosmore, who has been appointed chief financial officer. Loosmore was previously RAAM’s chief financial officer.
From the Westpac stable, Chis Smith becomes the managing director of strategy and will be responsible for coordinating and driving the new organisation’s growth strategy. Smith has been with Westpac since 1994 and was most recently general manager of customer risk.
A newcomer to the merged entity is Ouma Sananikone, who joins as managing director of products and marketing. She will be responsible for the strategic direction and business management of the group’s marketing and product capabilities.
Prior to her appointment, Sananikone was the chief executive officer ofAberdeen Asset Management, which was purchased by the EquitiLink group in 2000 and with whom Sananikone was chief executive officer for four years.
All of these positions will report to RAAM chief executive officer Peter Martin.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
