POWERED BY MOMENTUM MEDIA
AUI announces executive restructure
Australian Unity Investments (AUI) has restructured its operations with the announcement of four senior appointments.
Stephen Alcorn has joined AUI as head of institutional, and will be based in Sydney. Alcorn, who has more than 20 years of financial services experience, has made the move from BNY Mellon Asset Management where he was deputy managing director.
Kara Gilmartin will make an internal move into head of joint business, after supporting head of AUI David Bryant in business-wide and joint venture initiatives as executive manager.
AUI has a new chief operating officer in Peter Loosmore, who has 20 years experience in operational and finance roles. Loosmore previously held financial officer roles at Suncorp Group, St George Bank, Asgard Wealth Solutions and Rothschild Australia Asset Management.
The previous chief operating officer of AUI, Leoni Pratt, will move into the newly created role of general manager, executive. In her new position, Pratt will cover corporate governance including licences and capital usage.
Bryant said AUI had made the changes because it was much more complex than it was five years ago, with an expanded product range, additional joint venture partners and increasing governance and board responsibilities.
"We have also undertaken several acquisitions, including the recent Investa retail property funds, the acquisition of the $400 million diversified property fund from Westpac last year, the merger with Lifeplan Funds Management in 2009, and we are currently progressing a proposed merger with Big Sky Credit Union," Bryant said.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
