Changes at top of Colonial First State Global Asset Management Property
Colonial First State Global Asset Management (CFSGAM) has appointed Angus McNaughton as the new managing director of CFSGAM Property, succeeding Darren Steinberg.
The company said Steinberg had "decided to take up a role external to the business".
McNaughton represents an internal appointment, having previously held the position of head of wholesale property funds at CFSGAM Property, and will retain responsibility for driving long-term strategy and performance across the wholesale property business.
CFSGAM chief executive, Mark Lazberger said Steinberg had relinquished his role as principal executive officer of Commonwealth Managed Investment Limited, and had also stepped down as executive director of Kiwi Income Properties Limited.
He said it was business as usual at CFSGAM Property, with no further management changes.
AUTHOR
Mike Taylor
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
