Australian Ethical names new COO
Ethical investment manager and super fund Australian Ethical has announced the appointment of Anthony Lane as chief operating officer (COO).
Lane joins with over 25 years of experience across legal, investment, transformation, and operational efficiency within superannuation, investment management, financial advice, and banking services organisations.
Most recently, Lane has been consulting to $300 billion super fund Australian Retirement Trust. His prior experience includes serving as COO at MLC Wealth, global COO at Mercer Investments, and group executive, risk & governance at Colonial First State.
Having recently exceeded the milestone of $14 billion in funds under management (FUM), Australian Ethical managing director and CEO, John McMurdo, said he is “delighted” to welcome Lane at an exciting time for the business.
“We have made significant progress in the development of a modern operating platform designed to help us scale with efficiency and resilience. Anthony’s skills and expertise will ensure we effectively leverage and grow the capability we now have,” McMurdo said.
In his new capacity, Lane will report directly to McMurdo and become a key member of the executive leadership team. The role involves managing Australian Ethical’s daily operations and leading strategic initiatives to enhance growth, resilience, and efficiency.
Commenting on his appointment, Lane said he is looking forward to supporting the continued growth of the organisation.
“Over the past few years, Australian Ethical has taken steps to build strong superannuation and investment operating foundations and I look forward to helping the business capitalise on its investment for its members and investors and continue to enhance its operating efficiency,” he said.
In the year to 30 June, Australian Ethical’s Balanced Fund, its MySuper option, delivered a 10.5 per cent return.
At the time, John Woods, the deputy chief investment officer, attributed the fund’s performance to its limited exposure to fossil fuel companies. As an ethical option, the super fund also emphasised its ongoing commitment to driving positive change within its investment portfolio, as well as influencing policy and the broader economy.
Lane is set to commence the role effective 10 November.
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