Sheehan to replace DeHart at HSBC
Former IOOF general manager Barry Sheehan is to take the wheel at HSBC Asset Management (Australia), replacing Robert DeHart who is retiring.
Robert Dehart retires after only two years in the top job, having taken on the role after heading up the HSBC Canadian operations. DeHart started in April 1999 after the departure of former managing director David Stephens who left with colleague, chief investment officer Stephen Babidge to form Contango Asset Management.
As chief executive officer effective from May, Sheehan will manage the strategic direction of the Australian HSBC division and will report to Alain Dromer, chief executive of HSBC Asset Group.
Sheehan headed up retail funds management at IOOF after nine years at AXA.
Recommended for you
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
