Ministerial Cabinet secretary appointed by a global fund manager
The secretary to the Australian Government's department of Prime Minister and Cabinet (PM&C), who worked under Prime Ministers Tony Abbott and Malcolm Turnbull, has been hired by a global fund manager, as senior vice president.
The global fund manager and American financial services company said Michael Thawley was re-hired by the firm, Capital Group, as senior vice president, capital strategy research.
He would also work closely with the company's global investment team, advising on potential investment impacts that stemmed from international political and policy developments. He would also join the board of capital strategy research, the group's global macroeconomic team and be based in the group's home base in Los Angeles. Thawley would also support managing director, Paul Hennessy, and his team in Australia.
Thawley has had a long and distinguished career with the Australian Department of Foreign Affairs and Trade. He then headed the international division at PM&C under Prime Minister Paul Keating and was international adviser to Prime Minister John Howard.
He also served as Australia's ambassador to the United States from 2000 to 2005, after which he joined Capital Group and was based in Washington DC until 2014.
When he initially joined Capital Group, he served on two of the three investment groups that included capital world investors and capital research global investors. He also served a director and vice chairman of the board, on a number of mutual funds run by the firm.
Hennessy said: "Michael brings a truly global policy perspective to Capital Group, and I know our investment team is delighted to welcome him back. Michael brings a good understanding of the operational dimension of the company's funds management business. His support will be invaluable".
To see how Capital Group's funds performed, click here: http://investmentcentre.moneymanagement.com.au/investments/managed-inve…
Recommended for you
Global asset manager Janus Henderson could be acquired after receiving a non-binding acquisition proposal jointly from a private investment firm and venture capital firm.
Investment manager Salter Brothers has partnered with private equity firm Kilara Capital to launch an Australian sustainable investment platform focusing on decarbonisation.
Fresh off launching three active ETFs to the Australian market, Avantis Investors is already planning to expand its range with two further products next year.
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
