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Executive Appointments

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IML appoints senior portfolio manager

Investors Mutual (IML) has appointed Paul Frost as senior portfolio manager.

Costello appoints Jeffrey Lucy acting ASIC chairman

Federal Treasurer Peter Costello has announced he has appointed current deputy chairman of the Australian Securities and Investments Commission (ASIC), Jeffrey Lucy AM, as acting chairman of the regulator pending David Knott's departure next week.

Bridges head to depart early 2004

Bridges Financial Services managing director David Bleakley is to step down and leave early in 2004 after three years at the helm of the dealer group, financial services and insurance group, Tower Ltd has announced.

INVESCO appoints Mark Topy to small caps team

INVESCO Australia has announced that it has appointed Mark Topy to its smaller companies team as an assistant investment manager, supporting Ross Wilkinson and Cynthia Jenkins in the management of its small caps portfolios.

Former MFM executive turns up at Schroders

Stephen Guiben, one of four Macaquarie Funds Management (MFM) executives to suddenly resign from the group last week, will join Schroders next month as a senior portfolio manager.

Treasurer announces two appointments to Productivity Commission

The Treasurer, the Hon. Peter Costello, has announced that Robert Fitzgerald AM and Philip Weickhardt have been appointed to the Productivity Commission.

Macquarie senior staff resign to take up positions elsewhere

Macquarie Funds Management (MFM) has been caught with its Christmas stockings down, as four senior staff suddenly announced their resignations yesterday.

New appointments at Grove

Generational change continues to gather momentum at adviser group Grove Financial Services, with the announcement former Sealcorp executive Brett Sanders is to take on the new role as chief executive officer.

Zurich appoints new head of distribution

Zurich Financial Services Australia has appointed Janet Smith as its new head of distribution for its Investment Management and Life Risk businesses.

FPA appoints five new directors to Board

The Financial Planning Association of Australia (FPA) has welcomed five new members to its Board of Directors, following closely on the commencement Kerrie Kelly's term as new FPA chief executive.