Strategic Investments undergoes restructure

Strategic Investments Australiahas undergone an internal restructure, resulting in the promotion of Chris Lumby to chief executive officer.

The superannuation master trust announced the appointment of the newly created chief executive position and changes to its business development team yesterday.

In his new role, Lumby takes on the responsibility for Strategic’s business development, client service, product management and operations.

Formerly Strategic’s chief operating officer, Lumby has more than eight years’ experience working in the institutional and retail financial services industries in Sydney and London, including roles withBankers Trust, Credit Suisse First Boston and State Street Global Advisors.

Meanwhile, a shake up of group’s business development team will see David Mills become Strategic’s northern states business development manager based in Sydney and with responsibility for looking after New South Wales, Queensland and the Northern Territory.

Noel Hough will become the group’s southern states business development manager based in Melbourne and responsible for looking after Victoria, Tasmania, South Australia and Western Australia.

Both Mills’ and Hough’s positions are effective as of July 1 this year.

Mills and Hough will be supported by client relationship managers Sharon Grennan, who is responsible for the northern states, and new recruit Paul Banner, who is responsible for the southern states. Grennan and Banner’s primary focus will be to act as a quality service and resource centre for Strategic’s advisers and dealer groups. Two other new recruits are Kylie Turner in the position of sales and marketing associate and Ian Makin in the position as compliance officer. Both Turner and Makin will provide support services across the whole team.

Strategic offers a range of products through the Strategic Super Master Plan, including Strategic Corporate Super, Strategic Personal Super, Strategic Allocated Pension and Strategic PST.