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who came to Australia to represent T.Rowe Price after it won a $1.7 billion global equities mandate from QIC (since rescinded), is returning to his home town of Seattle.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.
9 May 2006 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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