InTech appoints full-time chief executive

InTechFinancial Serviceshas appointedDeutsche Asset Management(DeAM) Asia Pacific regional chief operating officer Michael Monaghan as chief executive officer, after a three-month search to fill the position on a full-time basis.

The position had been occupied since November 2001 in a part-time capacity by Meredith Hellicar, who left the group at the end of March and has now joined the board ofAMP.

Monaghan, who will take up the position in August, will be responsible for the day-to-day running of InTech, in addition to having responsibility for the future strategy and direction of the group.

InTech’s board decided earlier in the year it needed to fill the position full-time.

“We started the process back in February and looked at a range of people. I’d say we spoke with five to 10 people. We didn’t use a recruitment consultant, we just spoke with people in the market — some of those discussions were very short while others involved further consultations,” InTech executive director Brett Elvish says.

Monaghan has over 20 years experience in funds management and financial services. He has been stationed in Tokyo since 2001 as DeAM’s regional chief operating officer and prior to his Japan posting, was chief executive officer DeAM Australia and head of private banking.

Meanwhile, InTech has also appointed Dr Ian Pollard as a director, effective July 1.

Pollard, an actuary and a Rhodes scholar, is a director of a number of public companies and financial organisations and replaces Michael Easson who recently resigned from the board after six years.