New chair for QBE
QBE will have a new chairperson from July 4 with long-serving John Cloney retiring and being replaced by Belinda Hutchinson.
Cloney, who joined QBE as chief executive in 1981, became non-executive chairman in October 1998.
Hutchinson has been a member of the QBE Board since 1997 and is chair of the company’s investment committee. She has served on the boards of Telstra, Coles Myer, Energy Australia, TAB Limited, Crane Group and Sydney Water Corporation.
AUTHOR
Mike Taylor
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.
