Referring to asset consultants, Mc-  Farlane rated Australian and Canadian  businesses above their global peers.  He said Australian consultants  “talked to us as the [Walter Scott] fund  was launched and made a decision”  about its suitability for superannuation  funds.  “In Australia, it’s what you do. In  the US, they’re all waiting to see what  Morningstar says.”  In Australia, Walter Scott, a buyand-  hold growth manager, is used by  MLC, State Super Financial Services  and the Macquarie Professional Series.  McFarlane himself earned enormous  wealth during his nine-year tenure  with the company. Following BNY  Mellon’s acquisition of Walter Scott in  2006 for £215 ($384.3)million,  McFarlane’s 20 per cent stake in the  company was estimated to have earned  him £43 million ($76.8 million),  according to The Times newspaper.  The firm’s new managing director is  Jane Henderson.