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.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
