Pupelis replaces Kasian at Equity Trustees
Equity Trustees' head of asset management, Dr Paul Kasian has resigned, with the firm's head of cash and fixed income, Lance Pupelis,taking on the role on an interim basis.
Kasian's resignation was made immediate effect yesterday, Equity Trustees managing director, Robin Burns said.
The firm announced that Pupelis — who joined the company as part of the acquisition of the ANZ Trustees business in 2014 - has been appointed to head the asset management team on an interim basis.
"The in-house Asset Management function remains steadfastly committed to our long term investment philosophy. It is an approach which has been developed and implemented over many decades by our team of experienced investment professionals," Burns said.
"I am very confident that the team will continue to provide the strong investment performance, service and advice that our clients expect and deserve.
"I take this opportunity to thank Dr Kasian for his contribution to Equity Trustees since 2013 when he joined us, and wish him all the best in his future," he concluded.
AUTHOR
Nicholas O'Donoghue
Recommended for you
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
