GFC derails wealth fee growth by $30bnBY LAURA MILLAN | MONDAY, 25 MAR 2013 12:40PMThe global financial crisis cost the Australian funds management industry an estimated $30 billion in potential revenues, according to new research from Rainmaker Information. |
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
The Australian funds management industry lost an estimated $30B. So what, the Australian funds management industry should have been better at what they do so their clients did not lose the estimated $1T.
I'm still not aware of any vested interest that said at the time "hold on, the situation is not sustainable".