The former head of distribution at Challenger Financial Services, David Asplin, is set to assume a similar role at a property funds manager based in his home town of Brisbane.
The Trinity Group flagged at its half-year result presentation last year that it would create a new head of distribution role, which a spokesperson said would “;staff up”; the property manager and developer to raise equity from wholesale and retail investors for a series of planned new funds. The appointment of Asplin to that role is expected to be announced next week, subject to finalisation of a contract. Asplin left Challenger after four years last November, and in the interim was doing some consulting work for van Eyk.
AustralianSuper’s appointment of a general manager, retirement to replace Shawn Blackmore, which follows ART's redeployment of Kathy Vincent to chief operating officer, shows that mega funds are back-pedalling on the strategy of having dedicated retirement C-suite executives. The role had been touted as the next big thing in super funds' organisational structures, but experts say what matters is there is senior accountability for decumulation.
Darcy SongDecember 4, 2024
