Richard Borysiewicz has left Amundi Asset Management and a new chief executive has already been appointed.
Borysiewicz’s departure comes a few months after its London office lost four of its key people, including its chief executive, deputy chief executive, chief investment officer and head of global fixed income.
The new Amundi Asset Management country head for Australia and New Zealand and chief executive is Brian Scott. He previously held the role of head of sales at Schroder Investment Management, and has also worked at State Street Global Advisors, Colonial First State, National Mutual, Towers Perrin and Mercantile Mutual.
Australians are losing millions weekly in unpaid super, yet payday super laws have not made it onto Parliament’s agenda.
First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.