Peter Kempster, the head of NAB Custodian Services, has resigned and will leave the bank early January.
International search firm Korn Ferry is assisting in finding a replacement. Kempster, who has been with NAB for 13 years, said that he felt it was time to make a change and it was good to be going out when the business was doing well. “It’s time for me to do something different,” he said. “I don’t envisage moving to another custodian … but I’ll probably end up in financial services.” Prior to his role at NAB Custody, where he took over from Tony O’Grady early last year, Kempster headed up Payments for the bank and before that the Fly-buys loyalty program. Before that he was a management consultant.
31 October 2006 00:00
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Investments
Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.
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