CitiStreet has announced that several new appointments have been made within its Australian team to enable the member administrator to meet client demand for more specialised services.
Stuart Korchinski, CEO of CitiStreet Australia said that it was focussing on acquiring high quality people to allow its super fund clients to expand and enhance their services and become more competitive. Some of the recently filled positions include Alex Kleiman as head of marketing and strategy (formerly a director of financial services consultancy Chant West); Michael Longes as head of tax (he was formerly partner with Ernst & Young), and current employee Lyn Trewenack’s promotion to member service manager. Korchinski said that a couple more senior roles would be appointed later this year. The growth in staff has been across the board, with the service provider increasing its employee base from 500 to 700 over the last 18 months. Korchinski also said that the increase in demand for IT services would see the addition of a further 25 IT professionals over the course of this year.
The $355 billion AustralianSuper has acquired a $1.4 billion European industrial and logistics portfolio, owned by OMERS real estate subsidiary Oxford Properties. The nation’s biggest fund is targeting a $7.5 billion valuation for the venture and $35 billion allocation in European and UK region before 2030, supported by its biggest international office in London with 121 employees.
Darcy SongJanuary 14, 2025
