Key changes at Australian Ethical
Australian Ethical chief financial officer, Mark Shanahan is departing the business prompting a management restructure within the organisation.
The business announced today that former National Australia Bank executive and current head of strategy at Australian Ethical, Rob Plow, had been appointed as chief operating officer, while current head of product finance, Mark Simons would be succeeding Shanahan as CFO.
Australian Ethical managing director, Phil Vernon thanked Shanahan and said he had played a critical role during a challenging period of change and growth in the organisation.
Simons joined Australian Ethical in 2017, prior to which he was with Challenger, including a period as chief financial officer for the listed and unlisted real estate and infrastructure funds.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.