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.
6 February 2007 00:00
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