Russell shores up Suncorp/Tyndall
Suncorp/Tyndall Investment Management has looked to shore up its interim Suncorp Equity Funds asset management approach via the short-term appointment of Russell Investment Group.
Suncorp/Tyndall Investment Management head Brett Himbury said the appointment had followed a tender process, with Russell being selected on the basis of providing the particular skills and resources that allow a continuation of the Suncorp equities investment style.
He said the portfolio had now been rebalanced to an enhanced index model until a new internal team was appointed.
“I emphasised that the Russell appointment is a temporary measure to round off our total interim management package and will continue until we have our new style-neutral in-house team in place,” Himbury said.
AUTHOR
Mike Taylor
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
