MLC Investment Management CIO departs
MLC Investment Management chief investment officer Nicky Richards is set to leave the company in October, with Jonathan Armitage to step in until a replacement is found.
Richards had decided to leave two years after joining MLC, during which time she reinvigorated the MLC Investment Management business, evolved its investment strategy and attracted investment talent, the company said.
"MLC thanks Nicky for her valued contribution and achievements during her time with the organisation and wishes her all the very best for the future," MLC stated.
Head of equities Jonathan Armitage will step in as CIO while MLC undertakes a global search for a replacement.
Armitage made a move to MLC Investment Management from Schroders in 2011 to head up its global and Australian equities strategies.
Meanwhile, research house Standard & Poor's has announced MLC fund ratings would remain unaffected by Richards' departure.
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