POWERED BY MOMENTUM MEDIA
Aus Ethical Investment CEO to depart company
Australian Ethical Investment’s chief executive and managing director, Phil Vernon, is stepping down after nine years in the role.
Vernon joined the company in December 2009, overseeing substantial growth for the business as the ethical investing became more popular over the past decade. Under his leadership, the firm’s funds under management increased from $600 million to over $3 billion, its market capitalisation went from $20 million to $200 million, and its superannuation farm rapidly grew.
“On behalf of the Board, I wish to extend my sincere thanks and gratitude to Phil for his significant contribution to Australian Ethical. He has led the organisation through unparalleled growth and success over the past decade,” Australian Ethical chair, Steve Gibbs, said when announcing Vernon’s departure.
“After nine years at the helm I feel now is the right time to hand over to fresh leadership to take Australian Ethical to the next level … It has been an honour to have worked with so many inspiring people both within the company and throughout the industry who are dedicated to reshaping the financial system and making the world a better place,” Vernon added.
Vernon would depart on 31 August, this year, with Gibbs to step in as acting chief executive. The Board had already started its search for a permanent replacement.
Recommended for you
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment