David Bryant, chief executive of Australian Unity Investments, says the investment unit of the health insurer and retirement manager wants to more than double its assets under management to $25 billion.
“Our ambition for the business is to double the size of the business over a number of years,” says Bryant. “What is important is the rate of growth.”
Australian Unity currently manages $12 billion in investments.
Bryant was responsible for choosing Australian Unity’s six 50:50 joint venture fund manager partners.
“Having an equal voice in the management of these businesses is important to them,” he says.
In 2001 Australian Unity had between $1 billion and $2 billion under management.
Australian Unity provides legal, custodian, administration and distribution services to retail and institutional investors for its fund managers including Bill Bovingdon, former chief executive of Aberdeen Asset Management Ltd. in Australia.