Morse Consulting, an operations consultant to the investment industry, has hired a former Colonial First State executive to its Sydney office.
Drew Kidner becomes the thirteenth professional employee of Morse in Australia, and will lead its provision of investment administration advice to funds managers. Kidner has worked in the financial services industry for 20 years. Prior to Colonial First State/CBA Wealth Management, Kidner was a member of the Perpetual Investments senior executive team with responsibility for operations, business technology and project management across the funds management business. Morse provides business advice spanning front, middle and back office, strategy, mergers & acquisitions, outsourcing, technology and application architecture and operational reviews. Support services are provided in program management, change management, compliance and process and cost analysis.
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
