Boutique Australian equities manager Prime Value Asset Management has appointed Shih Thin Wong as a portfolio manager.
"We now can boast a formidable team of three experienced senior portfolio managers who have each individually performed the role of CIO," said Quek.
"There will always be a demand for managers who can prove their value as stockpickers."
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.