AllianceBernstein close to filling Garratt vacancy

AllianceBernstein is close to appointing a replacement for head of intermediary relationships, the role performed by Bruce Garratt until he was promoted to a role in the US earlier this year, and a Kiwi-born economist is said to have been chosen.

It is understood Brigette Leckie, who recently followed several years heading investment markets research for Perpetual with a much shorter stint as an Asia-Pacific equities investment specialist at AMP Capital Investors, has been chosen for the role subject to contract finalisation.

AllianceBernstein’s head of marketing and communications in Australia, Roger Hogan, said a decision had been made on the important distribution role, but he would not comment until it had been finalised.

Before joining Perpetual in 2001, Leckie was the chief economist for BNP Paribas. prior to that she held senior economic positions with BZW Australia and New Zealand (now Royal Bank of Scotland), the National Bank of New Zealand and the New Zealand Treasury.

In 2000, Leckie had a one-year term on the Economics Standing Committee for the NSW State Chamber of Commerce.

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ART CIO says balance sheet management will reshape super investing

Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.

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