Catherine Hallinan, acting chief operating officer of investment management and life at Zurich, is likely to take over the role permanently by March following Barry Tomkinson’s departure.
Tomkinson left the position in November. Rob White, corporate communications manager at Zurich, said that since the departure of Tomkinson for some “well-earned time off”, Hallinan had been filling in over the Christmas and New Year period. Zurich is not currently looking at any other candidates, and White said that with her 25 years of industry experience, Hallinan was an obvious choice for the position. Hallinan joined Zurich in 2006. Previously she was general manager, wealth strategy, at St George.
A managed investment scheme holding 20 per cent or more in unlisted assets is deemed an illiquid scheme and is restricted from providing frequent liquidity, but there is no formal limit on how much super funds can allocate to these asset classes. The Conexus Institute writes this is a special privilege given to APRA-regulated super funds that should not be taken for granted.
David Bell and Geoff WarrenFebruary 6, 2025