Super recruitment opportunity
Financial services recruitment specialist Lynn Muirhead has predicted the Government’s recent tax changes relating to superannuation will spur a barrage of movement among the industry’s executive population.
Following her recent appointment to boutique recruitment firm Johnson Executive Search, Muirhead believes the increased inflows arising from the $1 million undeducted superannuation contribution opportunity will result in a shift in focus from Australian equities to other asset classes.
“With the increased inflows there will be a demand for a broader product offering,” she said.
“Fund managers will need to ensure they have the right investment talent to [meet those demands].”
According to Muirhead, this includes attracting the best talent as well as protecting current staff from being poached.
“Firms need to be aware of how they are going to protect their current teams because in a hot market they are much more vulnerable,” she said.
“There will be a lot more fluidity in and around people moving across asset classes.”
Muirhead joins Johnson Executive as the firm’s new head of funds management, private equity and property practices.
Previously she led the funds management team at search firm Highland Partners.
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