Changes are continuing to occur at the top of the Australian superannuation industry with the Victorian Emergency Services Superannuation Scheme recruiting the former chief executive of the media-based JUST scheme, David Atkin, as its new chief executive officer.
The move means JUST is now seeking a new chief executive to replace Atkin.
The change of jobs sees Atkin going from running a superannuation fund with 44,000 members and $670 million in funds under administration to one with 150,000 members and assets of $16.5 billion.
Atkin had been with JUST for two years.
Tyndall has expanded the resources of both its bond and equities teams with the creation of a new analyst position in each asset class.
Ileria Chan has joined the award-winning bond team as a credit analyst. She has over 10 years experience in the accounting and financial services industry, including roles at Deloitte Touche Tohmatsu and SocGen Securities in Hong Kong.
Most recently she was with Moody’s Investors Services in Sydney for six years, where she was responsible for the analysis of non-government bond issuers.
Chan has a master of commerce in finance and economics from the University of Sydney and is a member of the CPA.
Ross Gustafson, executive bond manager at Tyndall, said that adding another credit analyst to the team is very timely with the continuing evolution of the bond market into a more complex and potentially higher risk investment environment.
Alex Whight has been appointed assistant investment analyst in Tyndall’s equities team.
Whight was previously a performance and monitoring analyst at Asteron, where his responsibilities included reviewing individually managed accounts, setting up compliance models, and undertaking equities research.
Bob Van Munster, head of equities, said the appointment emphasises Tyndall’s focus on research and its commitment to searching for long-term intrinsic value in equities.
“It reinforces our long-term approach and commitment to the Tyndall process by strengthening the equity team’s capabilities through the training and development of equity analysts who understand the Tyndall methodology,” said Van Munster.
Bellwether has bolstered its research team with the appointment of experienced equity analyst Ross Bird as head of research.
Bird has nearly 20 years experience and was previously a resource analyst, strategist and model portfolio manager at Lonsdale Securities Limited (now Lonsec Limited).
Bruce Bell, managing director of Bellwether Partners, said Bird’s appointment reinforced Bellwether’s qualitative investment process.
“Ross brings experience and a strong analytical brain to the team. His resources background is perfect for Bellwether as it complements our existing strength in other sectors”, Bell said.
Bird’s other experience includes resource analyst positions at Australian Equity Research and National Mutual Funds Management (now AXA).
Colonial First State Global Asset Management has announced that Habib Subjally will take up the role of head of global equities from April 2006.
Subjally comes to the role from Credit Suisse in London.
Warwick Negus, chief executive of Colonial First State Global Asset Management, said the selection of Subjally for the role further demonstrates the commitment of the organisation to their investors in global products.
“The appointment of Mr Subjally to head this team of 10 global equities specialists shows that we are committed to bringing additional quality resources and expertise to our
international equities capability,” Negus said.
Subjally will commence his role at Colonial First State Global Asset Management in early April and will be based in London. He will report to the global chief investment officer, David Dixon.
The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
Super Review understands the Division 296 legislation could be facing the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.
Deloitte Access Economics has raised concerns about the government’s recent changes to the Future Fund’s investment mandate, questioning the necessity and implications of the reforms.