Introducing MLC Asset Management
1 October 2019
From 1 October 2019 NAB Asset Management will be rebranded to MLC Asset Management. This is a symbolic milestone in forming the new MLC.
NAB announced in May 2018 it was reshaping its wealth management strategy. This involves separating^ the asset management, superannuation, advice and platform businesses as a standalone entity – MLC Wealth.
The incoming Group Executive of Asset Management Garry Mulcahy said Asset Management is a critical part of the MLC Wealth business.
“Today we are proud to be one of Australia’s largest investment managers with over $200 billion* in assets under management,” he said.
“MLC Asset Management will continue to focus on providing our clients with a wide range of market leading investment capabilities with more than 100 investment professionals across 10 teams.”
“Clients have trusted us to manage their investments for almost 35 years, and we have a strong history of innovation and growth.”
“We have evolved from the pioneer of the multi-manager investment approach in Australia, to a provider of a broad suite of investment capabilities across a range of multi-asset and single asset classes and our commitment to continuous improvement remains,” Mr Mulcahy said.
The new Leadership Team was also announced by Garry Mulcahy.
“An experienced Leadership Team is an important foundation to a successful business,” he said.
“I recently confirmed Jonathan Armitage will continue as our Chief Investment Officer and announced the appointment of Mandy Mannix as General Manager, Distribution.”
“I am pleased to announce the further appointments of Amna Khan as General Manager Product, Sharon Davis as General Manager Strategic Initiatives and Growth, and Mark Siow as General Manager Asset Management Services,” Mr Mulcahy said.
You can find the Leadership Team biographies by visiting www.mlcam.com.au/about-us/our-leadership-team.
Mr Mulcahy said under MLC Asset Management, the teams that manage investments will remain the same. They will continue to focus on delivering strong, risk-adjusted investment outcomes for our clients.
^Separation is subject to market conditions, regulatory and other approvals.
*MLC Asset Management includes a range of businesses and partners that in aggregate manage over A$200bn assets under management as at 31 July 2019.