Aus Ethical CIO to depart
Australian Ethical Investment chief investment officer, David Macri, is to depart the firm after 14 years.
He would leave at the end of 2022 and the firm said a global search for a new CIO was underway.
Managing director, John McMurdo, said: “David was responsible for developing investment strategies and processes that enabled our funds to deliver excellent investment performance over the last decade and has worked tirelessly to demonstrate that you don’t need to compromise on investment performance to invest ethically.
“He has built and led a highly-capable investment team which we are confident will continue to deliver long-term investment performance for our investors.”
Macri said: “While I will greatly miss working alongside such an experienced and capable team, after more than a decade as CIO, now feels like a natural juncture to assess my next challenge and allow others to build on what has been achieved”.
AUTHOR
Laura Dew
Recommended for you
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.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
