Third Quarter Moves Snapshot and Analysis 2018
How many appointments and departures were reported for the first three quarters of the year compared to the last three years? What percentage of those appointments were secured by women? We analyse the last three years' data in Industry Moves' vault of over 5,200 moves to find out, and revisit some of the biggest moves from the last nine months.
Snapshot January - September 2018
618............Reported appointments
438...........Reported departures
274...........Organisations with appointments
254...........Organisations with departures
515...........Executive appointments
26%............Awarded to females
103............Board appointments
44%............Awarded to females
Industry Moves reported on 618 appointments, made by 274 organisations, in the first three quarters of this year. 103 were board appointments, with 45 of these awarded to women - which is a 9% increase on the percentage of women appointed for the same period last year. Of the 515 executive appointments, just 135 went to women - this shows no increase on last year and just a 2% increase on 2016.
Some 'Move' highlights from January to September 2018
In January, Rhonda Spagnol joined Cbus as head of property. In a Q&A with Industry Moves, she spoke about how she shares Cbus' interest in the built environment and welcomed the opportunity to take on a new leadership role in the sector with a group that appreciates the unique nature of property and investing in unlisted, real assets. Read the Q&A
In February, Richard Brandweiner left Leapfrog Investments as partner, to take up the CEO role BTIM (now Pendal Group). He told Industry Moves at the time of his appointment: "For me, BTIM is a great opportunity to join a high quality investment management business with great people. I know they have a strong commitment to responsible investment and it is one of their key strategies for growth". Move details
NGS Super saw its long-standing chief executive officer Anthony Rodwell-Ball resign in March. On leaving the fund, Rodwell-Ball said: "I'm really proud of what the Fund and its dedicated staff have accomplished and I feel confident that this is an appropriate time for me to pass the torch on and welcome new leadership to continue the Fund's success." Move details
After nearly four years as CEO, and following revelations of misconduct by the group at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Craig Meller stepped down in April as chief executive officer of AMP Limited. Commenting on his departure, Meller said: "I believe that stepping down as CEO is an appropriate measure to begin the work that needs to be done to restore public and regulatory trust in AMP." Move details
In May, Frontier Advisors confirmed to Industry Moves the appointment of new CEO, Andrew Polson. Polson took over the reins from long-serving CEO Damian Maloney, who left the firm in March.
Just two weeks after taking on the role, we caught up with Andrew to find out how he was settling in. Read the Q&A
Geoff Lloyd, who first joined Perpetual in 2010, left his role as the firm's MD and CEO on the last day of the 2017/18 financial year. In a statement to the ASX, Lloyd said that he will leave Perpetual as "a friend and a supporter" of the firm. Move details
In July, CSF announced the appointment of Anna Shelley as the fund's new chief investment officer. In an interview with Industry Moves, Anna shared what attracted her to the role, her early experience of stock-picking and about the investment philosophy she shared with outgoing CIO, Garrie Lette. Move details
Vanguard Australia announces new Managing Director
In August, Frank Kolimago took over as managing director of Vanguard's Australian business, succeeding Colin Kelton who left for a new role at the group's headquarters in the U.S. Commenting on his appointment, Kolimago said: "The Australian business was the first established by Vanguard outside the US more than 20 years ago. Given the growth in the business over that time it is an exciting opportunity to be joining the business and building on the work that Colin and his predecessors have done serving Australian clients across the institutional, adviser and individual investor markets." Move details
Rob Adams took over as Perpetual managing director and chief executive officer on 24 September. Commenting on his appointment, Perpetual chair, Tony D'Aloisio, said: "Rob brings to Perpetual's people, clients, shareholders and stakeholders a track record of leading successful teams and diligently building and growing businesses organically and through acquisition." Move details
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