Bennelong hires new institutional sales head
Bennelong Funds Management has appointed Matthew Briggs as the company’s new director, institutional sales, who will report directly to Andrew Aitken, head of distribution.
Briggs would replace Ryan Durance, a former head of Bennelong’s institutional arm, who has been promoted to oversee the distribution arm of BennBridge, Bennelong’s London office.
Briggs joined from Citigroup where he spent 11 years and he would be based in Sydney.
“With the addition of three new boutiques in under 18 months, bringing our total asset management teams to seven, Matthew joining the institutional sales team will allow Bennelong to greater prioritise growth in the institutional market in the medium term,” Aitken said.
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.