Citistreet puts its top man on Australian board

CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.

Lussier is expected to make several visits to Australia over the coming year. CitiStreet Australia CEO Stuart Korchinski said Lussier’s appointment reinforced Australia’s strategic importance. “With Phil taking over as chairman of CitiStreet Australia, we will be even better positioned to successfully execute our strategy of applying our global expertise to help large industry funds and corporate and retail master trust clients grow their businesses,” Korchinski said.

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The twin forces rewriting the rules of investing

Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Top1000Funds.com Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.

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