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.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.