Tyndall one step closer to autonomy
Tyndall Investments has set up an enterprise risk, compliance and legal team following its acquisition by Nikko Asset Management.
The new team is part of Tyndall’s strategy to build on its business and administrative support capabilities, and an important step as it aimed to establish itself as an autonomous funds management business in Australia and New Zealand, stated Tyndall managing director Craig Hobart (pictured).
“The importance of risk, compliance and prudential management as a key differentiator in funds management is often underestimated, and recruiting executives who understand the regulatory, compliance and business framework we operate in was a strategic priority for us,” he said. “We expect to be announcing other senior appointments as we continue to build an independent business in Australasia.”
Craig Giffin has been appointed head of risk, compliance and legal covering Tyndall’s Australian and New Zealand operations, and Nathan Harris has been appointed risk and compliance manager for Australia.
Giffin has over 25 years of financial services industry experience, having previously worked at Fortis Investment Management, ABN AMRO Asset Management, Barclays Global Investors and St George Bank, and Harris has worked as an independent compliance and risk management consultant for over ten years, Tyndall stated.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
