Venardos joins Russell Investments
Former BNY Mellon staffer, John Venardos has been appointed to head Russell Investments implementation services business in Australasia.
Venardos is scheduled to take up his new position on 18 June.
Commenting on the appointment, Russell Investments Implementation Services Asia Pacific managing director, John R. Moore pointed to the expectation of growth in the the transition management business market.
“This is being driven by a massive trend in the region - and around the globe - towards pure agency models,” he said.
“Mr Venardos’ experience across the region will play a vital role for our continued leadership and expansion into the future,” he said.
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.