Colonial First State Global Asset Management has lost its head of superannuation business development to a newly created position at Industry Funds Management.
Melbourne-based Eddy Schipper finished up at CFS GAM last Friday. On October 16, he will join IFM in the fund’s first appointment of a business development manager. Damian Moloney, chief executive officer at IFM, said that while the fund had always worked closely with its network of industy funds, IFM was now looking to widen its client base to include broader industry funds, as well as corporate and government funds. Schipper’s role, the title of which is yet to be determined, would involve working with the funds management team at IFM and liaising with various asset consultants, Moloney said.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
