Ausbil Dexia co-founder calls it a day
Style neutral investment group Ausbil Dexia co-founder Michael Wilson has announced his retirement from the firm, seven years after its launch through a joint venture between senior members of Ausbil and Belgium-based Dexia Asset Management.
Wilson, who is director global products and the former chief investment officer of the group, will depart on August 13. Global product manager Andrew Hay will be succeeding him as head of Dexia Asset Management’s marketing operations in Australia.
In recent times, Wilson directed his energies towards the establishment and marketing of the Dexia Sustainable World Equities Fund (DSWEF), which launched in November 2002.
Under Hay, the firm will now look to expand its marketing team in both the institutional and retail areas, in a bid to effectively co-ordinate the marketing of Ausbil’s domestic products along with Dexia’s global products.
“While Michael will be missed, Ausbil Dexia remains totally committed to continuing to grow the global product within a significantly expanded team,” group chief executive officer Paul Xiradis says.
Wilson has previously worked for Westpac Bank and was also the co-founder of another investment group — Barclays-BZW Investment Management.
Xiradis says the broader marketing team will be well resourced with both institutional and retail platform servicing expertise.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
