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.
7 October 2008 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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