Aust Unity seeks new funds head
AustralianUnity is on the hunt for a new head of funds management after restructuring its top management team.
The current head of funds management, Craig Dunstan, has been moved to a newly created position as general manager of corporate strategy and acquisitions.
Dunstan has been running Australian Unity’s fund management operation since 1995 and has overseen a number of acquisitions.
Australian Unity managing director Mark Sibree says the change is the first in the senior management team for a number of years and Dunstan’s background as a lawyer made him qualified for the new position.
Dunstan will still have some involvement in funds management, although the day-to-day operations will be the responsibility of a new general manager. He will remain on the board of the funds management division, as well as the investment committee.
Sibree confirmed a search for a new head of funds management was underway. The manager’s role will be reduced, as property investment is being removed and now will be the sole responsibility of Tory Richards, head of property at Australian Unity.
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