nabInvest boosts direct asset management business
Nick Basile has been appointed to the new role of investment director within the direct asset management business of National Australia Bank, nabInvest.
Basile was most recently the chief executive of Ascalon Capital Managers. His previous roles include general manager, investments and insurance, at St George Bank, head of Commonwealth Investment Management, executive director of investments for Legal & General Australia and investment manager and director for Lend Lease Investment Management.
Basile will now be responsible for continuing to grow the nabInvest business, which currently has funds under management of $19 billion. He will step into the role on February 16.
Following Basile’s departure from Ascalon Capital Managers in late December last year, Andrew Landman was appointed as chief executive of the part St George Bank-owned investment and capital provider. Landman stepped into the role last week.
Landman was most recently chief financial officer of funds management at Challenger.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
