TCorp investment operations boss departs in leadership restructure

The general manager of investment implementation and operations at TCorp will leave the business after 13 years as part of a leadership overhaul.

Jonathan Green joined TCorp in 2005 as head of investment management; he was previously manager member services at Australian Catholic Superannuation and head of sales and relationship management at BNP Paribas Securities Services.

He's leaving TCorp because of a change of reporting line for the investment operations team, who will now report to chief operating officer Paul Smith.

"Jonathan played a pivotal role in the 2015 NSW Funds Management Amalgamation program, delivering ongoing annual savings to the state of around $34 million per annum, and successfully led the project responsible for transitioning the combined assets to a single custodian in 2017," TCorp chief executive David Deverall said.

"He has been an active participant in the industry as a member of the Financial Services Council investment committee. At TCorp, Jonathan established operational due diligence as a key discipline and has been a strong advocate for its adoption across the broader industry," he said.

TCorp said the restructure is part of a "multi-year program of transformation" that will enhance its investment capabilities and lead to higher returns for "its clients, the state and ultimately, the people of NSW."

In addition to the existing functions of direct invdstments, cash and fixed income and stewardship, TCorp will recruit four new leadership roles, to be filled by internal and external candidates.

These roles are head of investment advisory, head of portfolio construction, head of exposure management and head of partner selection. TCorp will also recruit for a general manager, technology role, reporting to chief executive David Deverall.

"Given the long-term, stable nature of our clients' horizons, government sponsorship and client service focus, we are uniquely placed to manage our clients' assets in order to meet each one's unique risk and return needs," TCorp chief investment officer Stewart Brentnall said.

"Restructuring our investments business will ensure we have the right skills, capability and talent in place to effectively execute our strategic goal," he said.

Read more: TCorpinvestmentDavid DeverallJonathan GreenBNP Paribas Securities ServicesFinancial Services CouncilPaul SmithStewart Brentnall
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