Acadian lures CFS’s Mukundan
Just a week after the ending of the exclusive retail distribution arrangement between Acadian Asset Management and Colonial First State (CFS), Acadian has recruited a key CFS executive to its ranks – Mark Mukundan.
The retail distribution deal with CFS ended on 31 December, 2019, and Acadian announced on Monday it had appointed Mukundan to the newly-created role of vice-president, product and wholesale markets.
Mukundan had previously been executive manager, deposits and investment products at CFS where he was responsible for the management of institutional and retail investment products prior to which he was a product manager at Macquarie Global Investments.
Confirming the appointment, Acadian chief executive, Andrew Hair said Mukundan would help grow Acadian’s footprint in the wholesale and intermediated channels in Australia.
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.
