Venardos joins Russell Investments



Former BNY Mellon staffer, John Venardos has been appointed to head Russell Investments implementation services business in Australasia.
Venardos is scheduled to take up his new position on 18 June.
Commenting on the appointment, Russell Investments Implementation Services Asia Pacific managing director, John R. Moore pointed to the expectation of growth in the the transition management business market.
“This is being driven by a massive trend in the region - and around the globe - towards pure agency models,” he said.
“Mr Venardos’ experience across the region will play a vital role for our continued leadership and expansion into the future,” he said.
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.