BlackRock head of Australasia Andrew Landman, UBS Asset Management Australia chief executive Bryce Doherty, AllianceBernstein CEO Jen Driscoll and First Sentier Investors Australia and New Zealand managing director Elizabeth Hastilow have all taken seats on the FSC board.
The council has also established its fund management board committee (FMBC) alongside the appointments, which has 18 CEO and country head fund manager members.
In addition to the new FSC board directors, the FMBC members are:
- Brett Jollie, managing director of Aberdeen Standard Investments
- Chris Durack, CEO, Australia, Schroders
- Frank Kolimago, managing director, Vanguard Investments Australia
- Garry Mulcahy, group executive asset management at MLC Wealth
- James MacNevin, head of Asia Pacific, State Street Global Advisors
- Jodie Hampshire, managing director, Australia at Russell Investments
- John McMurdo, CEO and managing director, Australian Ethical
- Justin Cowper, country head, Australia for Ninety One (formerly Investec Asset Management)
- Matthew Drennan, head of savings and investment, Zurich Australia
- Matthew Harrison, managing director, Franklin Templeton
- Nick Fels, CEO and director, Bell Asset Management
- Nick Hamilton, chief executive, funds management, Challenger
- Rachel Farrel, CEO and country head, JP Morgan Asset Management
- Richard Brandweiner, CEO, Australia, Pendal Group
FSC chairman and MLC chief executive Geoff Lloyd said the new directors have brought global leadership and experience in funds management to the body’s board.
“Australia’s fund managers are some of the best in the world, thanks to innovative leaders and a competitive environment,” Mr Lloyd said.
“We are pleased to have a mix of leading global and Australian fund managers on our board, particularly now as we face into this highly challenging economic period.”
The FMBC will be supported by an investment expert group to advance the FSC’s policy objectives.
Hmmm. Is Funds Management consolidation on the cards? After all when the Fed is printing to the moon and back, how many fund managers do you really need out there?