FAAA member numbers hit the ASIC FAR; Platinum to commence CEO search

Falling just short of previous forecasts, recent figures indicate FAAA members now comprise almost 50 per cent of the ASIC FAR, according to Wealth Data.

The firm will seek a new CEO to succeed Andrew Clifford, who steps down after five years to focus on his position as co-CIO and co-portfolio manager of Platinum’s global and Asia strategies.

Insignia has announced net profit after tax of $51.2 million for FY23, a rise of 39 per cent from the previous year as it announces a strategic refresh with a ‘client wellbeing’ division.

James Shipton has called out his former employer for failing to support or protect him during a six-month abusive ad campaign in 2020 by a defendant charged with offenses instigated by ASIC.

Perpetual has announced leadership changes to its asset management executive team as it reports FY23 NPAT down 42 per cent thanks to $8.1 billion in net outflows.

Harvey Kalman, who spent over 20 years at Equity Trustees, has joined the board of PAC Capital.

In this week’s episode of Relative Return, host Phil Tarrant speaks to Justin Blaess, co-founder and portfolio manager at Quay Global Investors and winner of this year’s Global Property Securities Fund of the Year.