Macquarie appoints new international head
Macquarie Funds Managementhas made an internal appointment to fill the gap left by former international division head, Ben Bruck, who became head of the group following David Deverall’s move toPerpetual Trusteeslast month.
Division director David Craig takes on responsibility of heading up the group’s international division and will oversee its three joint venture businesses in Malaysia, Korea and Taiwan.
Craig will relocate to Sydney from Seoul in Korea, where he has spent the past three years establishing the funds management joint venture company Macquarie-IMM Investment Management, which has raised over $3.3 billion in this period.
Craig joined Macquarie Funds Management in 1994 as an actuary forMacquarie Life, with responsibility for life insurance product development strategy.
In 1996 he became responsible for product development and management of all the group’s retail products and was responsible for launching a variety of insurance products and investment trusts.
Total funds managed by Macquarie’s Asian joint ventures have risen $6.6 billion since the first joint venture was established in Malaysia in 1996.
“We will continue to grow by focusing on building strong businesses with selected local partners,” Craig says.
Recommended for you
JANA Investment Advisers has hired the chief technology officer of Ignition Advice as its new general manager of technology and data.
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.
