Equity Trustees CIO Boubouras departs after internal review
Equity Trustees chief investment officer George Boubouras will leave the business and be replaced by its current head of equities Paul Kasian in an acting capacity following an internal strategic review of the group's operations asset management functions.
Equity Trustees managing director Robin Burns said the review would move the focus of the business from attracting new mandates to developing internally sourced funds resulting in the departure of Boubouras.
"George joined Equity Trustees in order to help us further build and develop our asset management business, with a particular focus on attracting new mandates. However, the growth in other areas of the business over the same period has meant that we have now decided to refocus on internally sourced funds," Burns said
"In discussions with George on the strategy for our asset management team and his role, it became apparent to both of us that his experience, skills and ambitions would not be fully utilised under this new strategy."
Burns stated that Boubouras had achieved the goals set for him when he joined Equity Trustees 18 months ago but the group "was now pursuing a different focus and approach to the one envisaged at that time".
AUTHOR
Jason Spits
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
