TCorp shake-up sees senior management recruits
A management restructure has seen a range of key appointments within the NSW Government's TCorp this week.
The changes have seen the appointment of former ANZ Wealth chief investment officer (CIO), Stewart Bretnall as CIO at TCorp, along with former Westpac executive, Paul Verschuer as general manager, Financial Markets.
The Government announcement also pointed to BNP Paribas executive, Katherine Seymour having been appointed as general manager, client relatoinships, with former Sydney Opera House executive, Katy McDonald becoming general manager HR and Internal Communications while Bank of Toykyo Mitsubishi executive, Kevin Masling become chief risk officer.
Commenting on the appointments, TCorp chief executive, David Deverall said that as TCorp assumed significant scale as an asset manager, it was important it had the leadership and executive capabilities to match.
"These appointments bolster TCorp's organisational capabilities in key areas of our operations, both capital markets-facing and internally," he said. "Each of the appointments brings highly relevant experience gained at the coalface of capital markets and financial services in Australia and in some cases internationally. We look forward to their contribution as we position TCorp for growth."
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
