Move

Gellett leaves Xplore for MLC Asset Management

Executive Move

Neil+gellett

Neil Gellett has joined MLC Asset Management as head of managed accounts, leaving behind XPLORE Wealth after a year as head of product.

Gellett spent nearly five years as head of product at Perpetual and held product management and design roles at BT and ING.

MLC's director of managed accounts says that growth in the space necessitated the expansion of their team. "The growth of the team reflects the continued uptake of managed accounts among advisers, and increasing demand for access to MLC's professionally managed portfolio construction services.

"As the advice industry evolves, managed accounts continue to be one of the fastest-growing segments of the wealth industry, with Australians having invested more than $95 billion." At MLC, we see managed accounts playing a central role in supporting advisers to deliver on client investment goals, in line with their risk appetite and preferences."

Gellett is joined at MLC Asset Management by Brent Bevan, who has been named head of investment consulting.

Departure

April 2021

Head of Product

Xplore Wealth

Appointment

April 2021

Head of Managed Accounts

MLC Asset Management