Advance names new managing director
Sealcorp marketing director Kate Mulligan will take on the role ofAdvance Funds Managementmanaging director with the current managing director Stephen Lam stepping into a new role.
Lam will become the investment management director of the newly formed Investment Centre of Excellence (ICE) with further details of its work yet to be released by St George.
Both Lam and Mulligan will report through to Nick Basile who is the head of investments and insurance within St George.
As a result of the formation of ICE St George says the entire group will be able to access the investment experience of Lam.
Mulligan says as a result of the change at Advance the group would embark on a growth and marketing push to lift the profile of the funds management group in the market.
“We would like to move to the next level. At the moment we are in the top 20 and would like to move into the top 10 within the market and will work with advisers to ensure our products get in front of clients,” Mulligan says.
The appointment of Mulligan to the managing director role marks a return to funds management. Prior to working with Sealcorp was the general manager of investment and superannuation products atANZ Funds Management.
Mulligan also worked atTyndall Investment Managementas the national product and administration manager at Tyndall Investment Management covering both retail and wholesale investment products.
Advance also recently picked up a five star rating from the Assirt research house for its imputation fund, with its Australian geared quity fund and smaller companies fund scoring four and three stars respectively.
AUTHOR
Jason Spits
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