JANA has promoted Michael Karagianis to a position of head of not for profit (NFP) and retail partnerships as the firm aims to boost its presence in the NFP market.
Additionally, the newly formed role would build on the firm’s position in serving clients in the non-super space, which has been the fastest growing part of the business this year, with this client base tripling in 2020.
Karagianis, who first joined JANA in early 2019 as head of retail partnerships, would head up a newly formed team dedicated to serving NFP clients, including Wendy Hammond as director for client development and strategy.
They would advise charities, foundations, endowments and bursaries on investment strategies best addressing their needs for income and capital gains, all the while preserving the real value of their assets in the long run.
“JANA has a significant existing NFP business, which has recently grown with JANA’s appointment by Foundation North, New Zealand’s largest philanthropic trust. This provides an excellent foundation for future growth,” Karagianis said.
“My time at JANA has been centred around opening up JANA’s advisory and implemented consulting expertise to the wider investment community, initially in the retail advice space and now expanding into the NFP market.”
Prior to joining JANA, Karagianis worked for NAB as head of private investment consulting between 2010-2018 and UBS Global Asset Management between 2005-2009.
The firm said that alongside his expanded remit in NFP, Karagianis would remain head of JANA’s retail partnerships business.