The long-time general manager of investments at United Funds Management, Jake Jodlowski, hasn’t let the grass grow under his feet after completing a post-merger handover to IOOF chief investment officer Steve Merlicek last week.
Jodlowski has reportedly started work in a senior position at a Melbourne-based boutique, although he would not confirm this yesterday.
Jodlowski confirmed he had started work at a manager that “does a bit of everything”, but would not elaborate further until his employer made a formal announcement. A stickler for compliance, even Jodlowski’s former IOOF colleagues did not know his next move yesterday.
The veteran of United Funds Management, which was owned by Australian Wealth Management, agreed to serve out a transitional period following AWM’s late-2008 merger with IOOF, which resulted in former Telstra Super executive Steve Merlicek being introduced as chief investment officer for the combined group.
Merlicek has subsequently bought across several of his former Telstra Super colleagues as he works to consolidate investments at the group, which inherited three multimanager capabilities in Intech (subsequently sold to Morningstar and rebadged as Ibbotson Associates), United FM and legacy IOOF suite, Multimix.