POWERED BY MOMENTUM MEDIA
Geoff Lloyd appointed MLC CEO
Former Perpetual chief executive and managing director Geoff Lloyd has been appointed the new CEO of MLC, effective 1 September 2018.
The appointment follows National Australia Bank’s announcement in May that it will be exiting its Advice, Platform & Superannuation and Asset management businesses, currently operating under MLC and other brands, to allow a focus on a simpler wealth offering through nabtrade and JBWere.
In his new role, Lloyd will report directly to NAB CEO Andrew Thorburn.
“Geoff is a standout leader and the right person to lead through the transaction, establish a new standalone business and build it for the future,” Thorburn said.
Thorburn said Lloyd is a highly regarded executive with a proven track record of delivery, having successfully driven a major turnaround program at Perpetual through a period of significant structural change.
“The core MLC wealth management business is strong with great prospects and I am confident Geoff will not just assist in a successful transaction but also help realise the full potential of the new business,” he said.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
