CFS technical expert moves to Australian Unity

A long-serving Colonial First State technical expert is moving to Australian Unity.

Australian Unity's advice arm appointed Yvonne Chu as its head of technical services.

Chu spent more than 11 years at CFS, starting as a technical manager before she was promoted to a senior position.

As senior technical manager, Chu led CFS's FirstTech division, comprising a team of technical analysts who provide technical support to financial advisers, which included superannuation, self-managed super fund, taxation, estate planning, social security and aged care.

Australian Unity general manager of licensee services John Carnevale said Chu brings 14 years of industry experience and expertise to the company at a time when the industry is grappling with increased complexity in all areas of advice.

"Yvonne is a dedicated and active contributor to our profession and is passionate about supporting advisers to provide quality advice that makes a meaningful difference in people's lives," Carnevale said.

This week, Australian Unity announced it was mulling a takeover proposal by Starwood Capital Group for its Australian Unity Office Fund.

As responsible entity of the fund, Australian Unity Investment Real Estate received an unsolicited, indicative and non-binding proposal from Starwood Capital Asia to acquire all of the issued units in AOF by way of a trust scheme.

This is the fourth offer from Starwood this year, with the previous three all having been rejected by Australian Unity Investment Real Estate's independent board committee.

Read more: Australian UnityCFSAustralian Unity Investment Real EstateColonial First StateAustralian Unity Office FundFirstTechJohn CarnevaleStarwood Capital AsiaYvonne Chu
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