Suncorp appoints new head of investments



Suncorp has appointed Patrick Farrell as the group's new head of investments.
Farrell was previously the chief investment officer, and head of advance asset management at Westpac's wealth management arm, BT Financial Group, from 2008 until June 2016.
He also had significant experience working with investments and insurance.
Farrell would be responsible for the group's portfolio investments and funds under management, and would report to the deputy chief financial officer, Jeremy Robson.
Farrell had been in the financial services industry for nearly 30 years and managed insurance investment teams for mover than 10 years.
Farrell started with Suncorp on 18 July.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.