ANZ scores AXA executive
AXA Australia senior executive Mark Armour is leaving the group after nearly 19 years to head up the ANZ investment management team.
Armour will take up his position as ANZ Funds Management and Insurance (ANZFM) chief investment officer next month, following on from the promotion of former chief investment officer Bruce Bonyhady to ANZFM managing director.
For two years Armour was AXA funds management chief executive before becoming director of e-commerce and business development in July last year.
Armour has held quite a number of executive positions in his long career at National Mutual and then AXA Australia, such as managing director of Australian Casualty & Life from January 1997 to May 1998, and group strategy manager of National Mutual Holdings from July 1995 to December 1996.
Armour also has global experience in funds management, from October 1990 to 1994 he was managing director of National Mutual Funds Management based in Hong Kong and then executive director International Strategy for National Mutual Funds Management (Global) from February 1994 to June 1995.
In the new role Armour will lead a team of about 90 people, and report to Bonyhady.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.