BDM found for Legg Mason platform accounts in NSW

Legg Mason has appointed a new business development manager from the property sector to promote its products and affiliate funds managers to the platform market.   

Based in Sydney, Lia Gunawan would focus primarily on dealer groups and financial advisers in NSW, Legg Mason said in a statement. But her remit would also include accounts with dealer groups located interstate.

Annalise Clark, the business head of Legg Mason in Australia, said Gunawan had held managed key retail account relationships in roles with former employers.

Gunawan joined Legg Mason from diversified property group Becton, and previously worked at BT, Aviva and ABN AMRO. 

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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