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
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
