MLC appoints new CIO
MLC has appointed Nicky Richards as its new chief investment officer (CIO), taking over the role in which Susan Gosling, head of capital markets research, has been acting since February 2010.
Richards will officially take up her new role in January 2011 and will be responsible for more than $65 billion in funds under management.
With more than 20 years experience in global investment markets in Australia, Europe, Asia and the United States, Richards joins the company from Fidelity International based in London.
MLC executive general manager of asset management, Garry Mulcahy, said he is “extremely pleased” with the new appointment, adding Gosling will continue to play a key role in the company.
Richard’s appointment is the third in a series of recent hires of investment professionals to MLC. In July this year, the company appointed Michael Karagianis from UBS as an investment strategist and Stefano Cavaglia as alternatives portfolio manager.
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