The former chief of a $650 million corporate super fund will run the Perth office of CPG Research & Advisory, filling one of three vacancies created following its purchase by implemented consulting aspirant, Sigma Alpha International.
Mark Sladden will run CPG’s Perth office from November 1, replacing Peter Williamson, who along with colleagues Philip Chow and John Parrish will depart CPG as it transitions into the Sigma Alpha group. Run by veteran asset consultant Graham Morrow, with full ownership now assumed by the Kinghorn family, Sigma Alpha plans to use CPG’s fee-for-service investment advice as an input to an implemented consulting service targeted at mid-sized corporate super and endowment funds.
Sladden was the long-time executive officer of MasterSuper, which started life as the Elders Limited company superannuation fund, but had grown to cover 40 employers and 12,500 members by the time its trusteeship was outsourced to AustralianSuper’s Corporate Tailored division earlier this year.
Replacements have also been found for Parrish and Chow, according to Morrow, with Stan Bates starting with CPG in Melbourne last week.
An actuary, Bates was most recently national distribution manager for Souls Funds Management, the Australian equities boutique acquired by Treasury Group late last year. Prior to that he laboured for Equity Trustees and United Funds Management, giving investment consulting and product advice to dealer groups and financial planners.
Graham Morrow said Bates had introduced the firm to another Melburnian whom it intended to hire as a CPG consultant, but the person has yet to resign from their current position.
Simon Ibbetson continues to run CPG Research & Advisory, which recently surrendered the Amcor corporate super fund as a client, but has picked up new mid-sized clients such as the Charles Sturt University endowment.