Wawn walks from MLC

Bill Wawn, MLC general manager distribution solutions, left the organisation last week less than six months after assuming a new position with the group.

Wawn was also head of BT wrap from 1999 to 2002 and was appointed chief of MLC’s high-end wrap platform MasterKey Custom soon after. However, he moved to his new job after a management reshuffle this January at MLC that was initiated by National Australia Bank CEO, Ahmed Fahour. Aside from BT, Wawn has also had stints at Tower and over a decade at Macquarie retail funds management.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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