GFSM appoints CEO, executive chair
Grant Samuel Funds Management (GSFM) has appointed its chief executive, Andrew McKinnon, as its new executive chair of the GSFM board and Damien MacIntyre will take over as CEO.
McKinnon would replace outgoing non-executive chair, Doug Bartlett, who would however remain on the GSFM board.
The changes would take effect from 1 July.
According to McKinnon, the restructure was part of the business’ long-term strategic plan.
Also, the move followed the recent addition of Munro Partners to GSFM’s fund manager line-up.
“As executive chair I remain committed to the business in a day-to-day capacity. My focus on GSFM’s institutional relationships and business strategy will continue.
“This includes continuing to actively seek and evaluate potential fund manager partners for GSFM,” McKinnon said.
GSFM was founded in 2007 by McKinnon and Damien McIntyre and McKinnon has been CEO since its inception.
In the new business structure, Steve Fletcher, head of retail, and Charles Levinge, head of institutional, would continue to report to McIntyre.
Recommended for you
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.