Abrdn wholesale head joins Infinity AM
Former abrdn head of wholesale, Con Koromilas, has been appointed to Infinity Asset Management.
Melbourne-based Infinity, the investment arm of Viridian Financial Group, has appointed Koromilas as its new head of distribution.
He joins the firm following over 15 years at abrdn, where he was head of the wholesale business.
This included two years as head of wholesale-Australia and five years as head of wholesale sales.
Prior to that, he spent almost 14 years at AXA Australia as a senior business development manager.
He is one of a series of departures from abrdn since the start of the year, including managing director, Brett Jollie, in July and head of wholesale distribution for Qld, NSW and ACT, Laura Mitchell.
Mitchell was with abrdn for over 12 years and held the senior role from March 2022 until her departure. She has now joined Atrium Investment Management.
On the equities side, its head of Australian equities, Michelle Lopez, and deputy head of Australian equities, Natalie Tam, departed as the firm closed its Australian equities division.
Both had worked at abrdn for more than 18 years.
Instead, the fund management of two Australian equities moved to SG Hiscock, and it also signed a distribution partnership to allow the fund manager to distribute its products in Australia.
Lopez has since joined New Zealand boutique Pie Funds as head of its Australasian investment team while Tam has joined Perpetual as a portfolio manager.
Earlier this year, Infinity chief investment officer, Piers Bolger, appeared on Money Management’s Relative Return podcast where shared his insights on BHP, Westpac, Afterpay, managed accounts and the marketing spin surrounding the ESG movement.
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