BOQ finalises chief executive position; First Sentier Investors welcomes head of institutional distribution

Following the surprise departure of George Frazis last year, the Bank of Queensland has discontinued its CEO search and named a permanent successor.

The global investment manager has appointed Melbourne-based Kevin Kandasamy as head of institutional distribution across the Australia and New Zealand business.

Now is a difficult time to be a fund manager, according to Maple-Brown Abbott chief executive, Sophia Rahmani, with the firm focusing on distribution to financial advisers to boost growth.

Former abrdn head of wholesale, Con Koromilas, has been appointed to Infinity Asset Management.

There is often an expectation gap between the ESG or sustainable funds that advisers pick and the assets that their clients want to hold, according to Perennial.

Abbey Cook has departed the firm after almost four years to join small and mid-cap fund manager, Fairlight Asset Management.