First Quarter Moves Comparison and Analysis 2019
Some good news for the first quarterly move report of the year! Of the 132 executive appointments reported for the quarter, 32% of them were awarded to women, which is the highest percentage of female executive appointments for any quarter in the last five years, and the first time over 30%.
The number of reported appointments for the same period last year shows a decrease of 30% in 2019 and is the lowest number of appointments for the first quarter for the last five years. Independent research by Industry Moves is underway to establish comparisons between sectors and job functions to further analyse this result.
In other news, 13% of all executive appointments this quarter were awarded internally, either as promotions or as part of an organisation restructure or reshuffle. Examples of which are: AMP Capital, NAB, Managed Accounts and Rest.
The boards of AvSuper, LUCRF Super, IFM Investors, HESTA, Managed Accounts, and Blackrock all welcomed new chairs.
Below is a snapshot of statistics for the quarter, and a few of the biggest moves so far this year.
Snapshot January - March 2019
155............Reported appointments
101...........Organisations with appointments
132...........Executive appointments
32%............Awarded to females
23..............Board appointments
39%............Awarded to females
Biggest Moves so far in 2019
Simon Weaver took over as Head of Australasia at Willis Towers Watson in January following the departure of Andrew Boal who left the firm after 27 years of service. Read more.
David Smith, who took over the top job from former long-serving CEO Peter Lambert in September 2017, stepped down as CEO in January. Read more
Andrew Thorburn stepped down as NAB CEO in February following the release of the Royal Commission final report. Read more.
The Hon. Nicola Roxon joined HESTA as the fund's new independent chair in January following the departure of long-serving director and independent chair, Angela Emslie. Read more
Michael Armitage left Milliman for the newly-created role of head of investment consulting within Mercer's institutional wealth team, which he took up in February. Read more
Aberdeen Standard's Australian fixed income head departs
In February, after 20 years with the global fund manager, Nick Bishop left Aberdeen Standard Investments for a new role at Gresham Funds Management. Read more
Gary Gabriel joined State Super as new chief investment officer in February, replacing Richard Hedley who left the $42b fund at the end of 2018. Read more
Alicia Gregory left MLC in March after 14 years with the firm. She joined Future Fund as head of private equity in April. Read more.
GESB, the $27 billion super fund for government employees in Western Australia, welcomed former Willis Towers Watson head of asset consulting, Paul Taylor, as general manager, investments in March. Read more.
In March, Michael Rooney stepped down as deputy CEO of Media Super after 16 years with the fund, including five years with its predecessor Print Super. Read more
Debbie Alliston, AMP Capital's former head of multi-asset portfolio management took over from Sean Henaghan as chief investment officer for its multi-asset group in March. Read more
New CEO for Statewide Super
Tony D'Alessandro took over as Statewide Super's new chief executive officer in March, succeeding Richard Nunn who left the fund for the CEO role at MetLife Australia. Read more
View ALL the appointments reported so far in 2019 here!
...and ALL the departures reported so far in 2019 here!
One more thing...
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