Changes at top of Colonial First State Global Asset Management Property
Colonial First State Global Asset Management (CFSGAM) has appointed Angus McNaughton as the new managing director of CFSGAM Property, succeeding Darren Steinberg.
The company said Steinberg had "decided to take up a role external to the business".
McNaughton represents an internal appointment, having previously held the position of head of wholesale property funds at CFSGAM Property, and will retain responsibility for driving long-term strategy and performance across the wholesale property business.
CFSGAM chief executive, Mark Lazberger said Steinberg had relinquished his role as principal executive officer of Commonwealth Managed Investment Limited, and had also stepped down as executive director of Kiwi Income Properties Limited.
He said it was business as usual at CFSGAM Property, with no further management changes.
AUTHOR
Mike Taylor
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
