Australian Ethical chief financial officer, Mark Shanahan is departing the business prompting a management restructure within the organisation.
The business announced today that former National Australia Bank executive and current head of strategy at Australian Ethical, Rob Plow, had been appointed as chief operating officer, while current head of product finance, Mark Simons would be succeeding Shanahan as CFO.
Australian Ethical managing director, Phil Vernon thanked Shanahan and said he had played a critical role during a challenging period of change and growth in the organisation.
Simons joined Australian Ethical in 2017, prior to which he was with Challenger, including a period as chief financial officer for the listed and unlisted real estate and infrastructure funds.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.