The former deputy general manager of the Sydney arm of State Street Global Markets (SSGM) has resurfaced in an executive position within the Macquarie Bank equity markets group.
Greg Mann, who was also SSGM managing director of client relationship management, joined Macquarie two and a half weeks ago as chief operating officer global equity finance. Mann was already working with Philadelphia National Bank when State Street acquired the business in 1993. Including his time at Philadelphia, Mann was with State Street for 21 years. He left in late March. Mann’s new role involves distributing wholesale, or inter-bank, products developed by the Macquarie equity markets group to institutional brokers, who relay the products to the institutional market. “We blend equity market products to the institutional broking business out to clients, such as investment managers and hedge funds,” Mann said. SSGM is currently searching to replace Mann.
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
