Centrepoint Alliance appoints CIO
Centrepoint Alliance is extending its service offer to advisers and clients with the appointment of former Citibank employee, Toby Lewis, to the position of chief investment officer (CIO).
Centrepoint managing director, John de Zwart, said the increased demand from advice firms for investment advice and consulting services had prompted the appointment.
"With guidance and support from our community of financial advisers and licensees, we are building our capabilities in the areas advisers have told us they need support," he said.
"With Toby's wealth of experience, he is perfectly placed to develop this service."
Under the Centrepoint adviser community, Lewis would assist firms with the design and implementation of client-centric work practices. He would also build on existing Centrepoint research capabilities and continue the development of partnerships with fund managers for the delivery of new solutions.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.