InvestmentLink chief leaves for Investor Cities
Gautam Tendulkar has resigned from his post as head of InvestmentLink to take a key role in the development of a wrap service seeking an imminent stock market listing.
Gautam Tendulkar has resigned from his post as head of InvestmentLink to take a key role in the development of a wrap service seeking an imminent stock market listing.
Tendulkar had been with InvestmentLink’s parent company, CPS Systems, for more than two years but left suddently about a month ago to take up with a group called Investor Cities.
Investor Cities is about to launch what it calls a “super wrap” and preparing a pro-spectus for a listing later this year.
The super wrap aims to wrap up banking, investment and superannuation under one administration system. It has already signed a distribution agreement with Australian Financial Group (AFG) who have also taken a stake in the group.
About a third of the company will be offered to investors in the stock market list-ing.
Tendulkar will be replaced by Peter Philp, who has been looking after another CPS product called SuperChoice. Apart from his time with CPS, Philp has experience in a number of financial services roles in Canada, Australia and the UK. Damion McNaught replaces Philp as product manager of SuperChoice.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
