Schroder Investment Management head of distribution, Murray Brewer, will leave in a couple of months to spearhead US manager T. Rowe Price’s growth ambitions in Australia.
Reporting to Brewer will be Louise Bradshaw, who is returning to Australia to take an assistant vice president role with T. Rowe Price, after directing institutional sales at First State Investments in the UK. Both Brewer and Bradshaw have strong retail backgrounds, and represent a serious effort by the Baltimore-based manager to crack the Australian retail investment market. Ed Brooks, who came to Australia to represent T.Rowe Price after it won a $1.7 billion global equities mandate from QIC (since rescinded), is returning to his home town of Seattle. Meanwhile, the future of Tony Tuohy’s third-party marketing relationship with the manager, concentrated on the wholesale market, is uncertain. Brooks was holidaying at presstime and unavailable for comment.
09/05/2006
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Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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