Boutique Australian equities asset manager Dalton Nicol Reid has appointed ex-ABN AMRO Asset Management executive Sarah Denny to head up its business management.
Denny has 15 years of experience in the funds management industry, including more than 10 at ABN AMRO in servicing clients, asset consultants and research houses, according to Dalton Nicol Reid.
“We are increasingly targeting institutional investors and asset consultants and Sarah’s experience in this regard will be highly valued,” said Dalton Nicol Reid chief executive Harley Dalton.
Ethical super fund Australian Ethical has announced the appointment of Anthony Lane as chief operating officer.
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.