15 February 2010 13:00
Merlicek hoped a “partnership” with Russell would develop, pointing out that both were “turnaround situations”.
Indeed, the IOOF CIO is starting with a blank sheet of paper after an acquisition spree instigated by Australian Wealth Management left him with three multimanager teams (Skandia has since been dissolved), while Russell was until recently thought by many to be a spent force in asset consulting, having lost most of its sizeable ‘traditional’ clients.
Whenever super fund CIOs are asked what they’re doing about AI risk, “diversifying” is always the answer. But as cross-portfolio exposures to the thematic grow and grow, that answer is no longer good enough.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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