AMP’s Sheen goes to Challenger
Challenger Financial Service has appointed AMP Capital Investors’ portfolio manager Alan Sheen as its head investment analyst, effectively its second major signing from AMP in a week.
Last week, Challenger subsidiary Genesys Wealth Advisers signed AMP Financial Planning’s managing director Greg Kirk to replace Ray Miles as managing director.
Sheen, also currently acting deputy to AMP’s director of Asian Investments, has been appointed general manager, investment teams within Challenger’s wealth management business.
Starting his new role in June, he will oversee the operational and business development of Challenger’s in-house investment team and products in his new role.
Before joining AMP, where, as portfolio manager, he is responsible for more than $9 billion in absolute return equity funds, he was a portfolio manager at IAG Asset Management.
He also held an investment management role with Secure Investment Group, where he was responsible for managing a private investment portfolio across Asia and the US.
Recommended for you
Shadow financial services minister, Luke Howarth, has stressed the Coalition’s commitment to reforming the CSLR, adding that he ultimately wants to “get rid of it”.
With just over three weeks until the federal election, the FAAA has put a reduction in red tape and further support for new entrants on its priority list for an incoming government.
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
