Advance Asset Management has lost its new head of distribution Craig Mowll.
Mowll confirmed yesterday that he had resigned from Advance and St George and would begin a new position on Monday 26 June but could not say with which organisation. However, industry sources confirmed he would be joining Credit Suisse Asset Management (CSAM) as head of retail replacing Brian Thomas who left CSAM last month. Mowll was promoted to head of distribution at Advance last October but still retained his responsibilities as head of distribution for St George Margin Lending. He replaced Tom Kneen at Advance. “;It’s a reasonably similar role, encompassing a number of things,”; Mowll said. Mowll joined St George in 2001.
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
