A key architect of the compulsory retirement savings system lauds its many achievements, stretching from the national economy to the individual. Where it’s double faulting is in serving members – and it needs to be addressed promptly.
With performance and diversification driving demand, these funds are expected to experience four-fold global growth over the next decade to nearly $AU65 trillion.
Ravi takes the helm at BMO Asia Pacific
(pictured: Ravi Sriskandaranjah)
Ravi Sriskandarajah, who launched BMO Global Asset Management’s Sydney office in 2013, has been promoted to head up the region, based in Hong Kong, as managing director and head of Asia Pacific. The firm is looking for a new head of institutional sales for Australia.
The asset management arm of the Bank of Montreal and affiliate divisions have several established offices in Asia, including Beijing, Shanghai and Guangzhou, as well as Singapore and Taipei. The bank also has minority stakes in Fullgoal Fund Management in Shanghai and COFCO Trust Company in Beijing.
Sriskandarajah will continue to report to Barry McInerney, the firm’s co-CEO, but also to Albert Yu, CEO, Asia, for BMO Financial Group.
Prior to joining BMO, in July 2013, Sriskandarajah spent about 13 years at Blackrock and its predecessor companies in Australia in various senior sales roles.
McInerney said: “Ravi is an expert in his field and has a strong financial services network in the Asia Pacific region. Under the guidance of his experienced leadership, BMO… will continue to grow and innovate in this region…”
A new head of Australian institutional sales, expected to be announced soon, will team with Michael Angwin, director, intermediary sales. Both will report to Sriskandarajah.
Yu said: “BMO has a long history in the Asia Pacific region – dating back to 1818 – and is the only Canadian bank with an established subsidiary bank in Mainland China. Most recently, we became the first Canadian financial institution to have ETFs listed in Hong Kong. I look forward to working closely with Ravi…”
Sriskandarajah replaces Amit Prakash in Hong Kong, who has moved to a global role within BMO as managing director, Global Exchange Traded Funds (ETFs) and Alternative Investments.
