Blue Sky appoints new chief executive

Blue Sky Alternative Investments has tapped the leader of a property investment manager for its next chief executive.

Former Aspen Group boss Joel Cann has been appointed chief executive at Blue Sky, as the investment manager looks to rebuild following a tumultuous 2018.

Cann will join the Brisbane-based firm on April 15.

Aspen announced yesterday Cann - who previously served in senior roles at JP Morgan and Aberdeen Asset Management - would depart the group on April 12, after two and half years restructuring the organisation and its operational capacity.

According to Blue Sky executive chair Andrew Day, Cann's experience with "rebuilding" businesses will prove important in the troubled firm's next phase.

"We are confident that Joel has the right combination of experience in asset management and rebuilding businesses to lead the company through its next transition," Day said.

Cann said he would focus initially on Blue Sky's "core business units".

"I am looking forward to rebuilding market confidence in the company's ability to drive strong returns for its investors," Cann said.

"In the short term, the priorities are to continue to strengthen business processes while building solid momentum in the company's core business units."

Cann's move follows the January appointments of chief risk officer Andrew Werro and chief financial officer Elizabeth Walker.

Werro was previously the chief financial officer of Macquarie's banking and financial services business and Walker has previously served in CFO roles at RPG Developments and Consolidated Pastoral Company.

Read more: Blue SkyJoel CannAndrew DayAndrew WerroAspen GroupElizabeth WalkerAberdeen Asset ManagementConsolidated Pastoral CompanyJP MorganMacquarieRPG Developments
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