FuturePlus Financial Services is looking to hire a general manager of corporate development and other senior personnel as it seeks to expand its business as a provider of administration services to superannuation funds.
“We’re in the process of selecting more senior personnel, including a general manager of corporate development, who will assist our growth strategy,” says Madeline Dermatossian, managing director of FuturePlus.
The firm, a wholly owned unit of Energy Industries Superannuation Scheme, last week hired 25-year financial industry veteran Hayden King as general manager, operations.
FuturePlus employs 170 people and provides legal, compliance, information technology and fund accounting services to four funds that together manage about $11 billion and have 240,000 members.
Investment advice is no longer part of the firm’s business, says Dermatossian. After a business review the firm is focused on being a third-party administrator for superannuation funds.
FuturePlus is in discussion with potential new customers, she says. Dermatossian declined to disclose which funds the company is in talks with.