INGIM announces new CEO
Following the news that ING Investment ManagementAustralia chief executive Grant Bailey will be relocating to Dubai to head up a new business operation, the company has sourced a replacement from within its own ranks, appointing David McClatchy to the top role.
McClatchy has been with ING since 1993, based in New Zealand from 1997 as chief investment officer before transferring to his current role as chief investment officer and deputy chief executive in Australia in June 2004.
His appointment to chief executive will be effective from October.
The ING Group announced recently that it intended to establish an investment management presence in the Middle East to take advantage of the good opportunities in the fast-growing region.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
