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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.
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