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 alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.