WHK Greenwoods Melbourne restructures at the top

Listed accounting and financial planning firm WHK Greenwoods is looking for a chief executive for its Melbourne firm following an internal restructure.

Kevin White, managing director of WHK Group, would not comment on the search but said it was a result of internal changes and growth. It is understood he will remain as managing director. The chief executive will be responsible for development and implementation of business plans, best practice and process and strategy. The firm is offering a package circa $300,000 and the position is based in Melbourne. WHK Group (formerly known as Investor Group) oft-stated growth strategy is via acquisitions. It most recently acquired Ray Clarke & Associates and S R Longney & Associates in Australia and Coffey Davidson and Burns McCurrach in New Zealand. It also recorded a record profit for the six months to end December last year of $10.77 million, which was a 16 per cent increase over the previous corresponding period.

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ART CIO says balance sheet management will reshape super investing

Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.

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