Aura Group appoints new director
Aura Group is looking to focus more on its funds management businesses with the appointment of Chris Faddy to the position of director, head of distribution.
Faddy, who previously held the same role at BNY Mellon would join Aura with more than 25 years of experience in the financial services industry in both Australia and Singapore, having held roles with Credit Suisse, Goldman Sachs and Barclays.
Commenting on his appointment, Faddy said he looked forward to developing new products to meet the needs of the growing business.
The appointment of Faddy comes off the back of Aura Group’s recent acquisition of 100 per cent of shares in licensee dealer group, Australian Capital Financial Planning (ACFP).
AUTHOR
Hope William-Smith
Recommended for you
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.
