ANZ has a new head of superannuation, with Ian Glenny departing the bank last month to be replaced by Kevin Kelly.
Previously the chief executive of the ANZ Australia Staff Superannuation Fund, Kelly will now oversee both that scheme and the bank’s numerous funds for overseas employees. Glenny, who is understood to have moved to another role in the superannuation industry, had been responsible for the overseas funds as well as being investment manager for the Australian scheme. However, Kelly said a dedicated investment manager would now be sought. The search was being focussed internally “;at the moment”;, Kelly said, and he was hopeful of filling the role within the next month. The ANZ Australia Staff Superannuation Fund has roughly 26,000 members and $2 billion under management, while the overseas funds have around 10,000 members and over $1 billion under management. Watson Wyatt is asset consultant to the Australian fund.
06/02/2007
consultant, wyatt, watson, scheme, roughly, dedicated, kevin, hopeful, glenny, kelly, filling, chief
Profiles
The $100 billion profit-to-member fund Rest Super is mulling an expansion and upgrade of its investment team as it seeks new ways to invest a growing pool of assets and continue to generate competitive performance for its 2.1 million members. The fund’s newly appointed chief investment officer Michael Clancy tells Investment Magazine that staying connected to the fund’s membership is an important part of the job.
Leave a Comment
You must be logged in to post a comment.