Investment Magazine
 

Brian Bissaker “made redundant”

  • 11 May, 2012
  • 0
  • print
This is an archived article originally published on I&T News
Bissaker joined Colonial in 2002 and was appointed CEO in 2006

Brian Bissaker, Colonial First State’s chief executive, has been “made redundant” after a decade of service at the $59-billion asset manager.

“I have decided to separate the advice and Colonial First State businesses, and have both of these leadership roles report directly to me,” says Annabel Spring, group executive of wealth management at Colonial’s parent Commonwealth Bank of Australia, in a statement.

Colonial declined to comment further on the departure of Bissaker, who joined the company in 2002 and was appointed CEO in 2006.

Marianne Perkovic, who worked at Count Financial for 11 years before the Commonwealth Bank takeover, will lead the advice business.

Commonwealth Bank is searching internally and externally for a replacement to lead Colonial.

Linda Elkins will continue to be responsible for distribution and marketing, and have responsibility on an interim basis for the remaining Colonial business units.

© Copyright: Whole articles from this website and newsletter cannot be reproduced without permission from the editor. If you wish to publish introductions to any article please ensure that it links to original content site www.investmentmagazine.com.au, and that it shows clear attribution to Investment Magazine, plus author name and date. Failure to abide by this request will be considered a breach of copyright and legal action will be taken.

Vote
Is core property and global infrastructure heading for a price bubble?
 
in News

Cbus wants impact study of pension at age 70

Cbus is to undertake an examination into the potential impacts on its members of shifting the pension age to 70. The fund has ... [more]

in News

Door opens onto full Chinese equity market

The diversity of Chinese equity portfolios is to increase when the number of companies accessible to foreign investors doubles at the end of ... [more]

in News

The great post-retirement opportunity

Australia has the opportunity to lead the world in post-retirement products and export its know-how, according to Moshe Milevsky, the internationally renowned author ... [more]

in News

Super Fund Awards’ finalists announced

The finalists of the Chant West/Conexus Financial Super Fund Awards have been announced by the research house Chant West. The fund ratings firm ... [more]

in News

New Vision Super CIO to target investment costs

Michael Wrysch has been tasked with reducing Vision Super’s investment costs as part of his new role as chief investment officer of the ... [more]

NGS rebrand – ‘for those who understand the true meaning of wealth’

A week after trustees of industry funds were warned that without a brand strategy they would not survive the ‘medium term’, NGS Super ... [more]

in News

Sunsuper confronts lack of board diversity

Sunsuper has improved the gender and geographical diversity of its board with the appointment of the Sydney based Elizabeth Hallett as an employer ... [more]

in News

QSuper’s cohort strategies pose challenge to US and UK schemes

QSuper’s creation of eight different investment cohorts for its members has sparked curiosity and admiration from defined contribution experts in the US and ... [more]

in News

Jana clients gain access to greater range of research

Jana will research a greater range of investment strategies for its clients following its merger with MLC Investment Management. Ian Patrick, whose job ... [more]

in News

CBUS members welcome income projections

CBUS has gained a 97 per cent approval rate from members for statements which confront them with an estimate of their income in ... [more]

in News

Sunsuper: a growing provider of private capital

Sunsuper is expanding its investment team to help it take greater advantage of investment opportunities. The fund, which runs $28 billion in assets, ... [more]

in News

Cost of Stronger Super leads to Media Super cutting CIO role

The cost of Stronger Super compliance and product development has led Media Super to cut the role of chief investment officer. Jon Glass ... [more]

in News

Sunsuper expands investment team to 18

Sunsuper has increased the size of its investment team to 18 with the appointment of Lounarda David to the newly created role of ... [more]

Tackling lawyer led insurance claims

Some of the most influential people in the group insurance space met in Sydney in March to discuss the sustainability of the sector. ... [more]

in News

Managers bullish on Chinese and Indian corporate debt

Australian investors are being urged to increase their exposure to Chinese and Indian credit, owing to imminent political change, low default rates and ... [more]