Former State Street strategy head joins NAB AM
NAB Asset Management has announced that former State Street Global Adviser head of strategy, Bernard Reilly, will join the leadership team.
Reilly has been appointed to the newly created position of chief operating officer, and will provide direction on strategic and operational initiatives.
NAB Asset Management executive general manager, Garry Mulcahy, welcomed Reilly's appointment, noting the former State Street executive's 24-year experience.
"Throughout his career Bernard has focused on driving and implementing effective business strategy, and we look forward to benefiting from his broad global experience and insights," Mulcahy said.
Speaking of his appointment Reilly said: "The NAB Asset Management team already has a significant footprint in the Australia funds management industry through its investment management and asset consulting capabilities, and I'm looking forward to helping the business take the next step in its evolution."
Recommended for you
The investment giant has announced a $18 billion deal to acquire a leading US-based private credit manager, marking its third major alternatives deal this year.
Brad Potter, who has helmed Australian equities at Tyndall Asset Management for the last decade, has announced his retirement from the business.
Yarra Capital Management has received a top rating for its Enhanced Income Fund from research house Lonsec.
Abrdn’s head of global fixed income sees a favourable environment ahead for bond investors, though he cautions a more selective investment approach might be necessary to navigate lingering risks.
