AIC appoints CEO
The Australian Investment Council (AIC) has appointed Navleen Prasad as chief executive following a global search process.
Prasad had over 25 years experience in financial services and joined AIC from Macquarie Group where she was most recently head of government and external relations.
She would commence the role from early November and replace Yasser El-Ansary who stood down from the organisation in January to join FINSIA.
AIC chair, Alicia Gregory, said: “We are delighted to appoint Navleen to the role of CEO. Navleen brings an outstanding understanding of the investment management industry combining strong policy, government and communications credentials underpinned by a high results orientation. In a constantly changing environment, Navleen’s skills, experience and fresh perspectives will be highly valued by the Council’s team and membership base.
“The board was unanimous in its view that Navleen is the right person to lead the AIC.”
Prasad said: “It is an honour to be appointed to lead the Australian Investment Council and to work with, and advocate for, our members who invested $28 billion into businesses across the Australian economy in 2021 and have a further $10 billion ready to deploy. I look forward to working alongside our members as they continue to invest in current and future industries.”
AUTHOR
Laura Dew
Recommended for you
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
