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.
Citi builds on transitions team
(Stuart Zanchi)
Citi Transitions & Pensions, the oldest and largest remaining transition management business in Australia, has recruited Stuart Zanchi from NSW Treasury Corporation. He previously worked at JP Morgan, which shuttered its transitions business last year, and Goldman Sachs.
Zanchi will be responsible, after he starts in mid-May, for multi-asset class portfolio transitions, derivative overlays, currency overlays, interim portfolios and other portfolio-related solutions, both in Australia and in Asia.
Michael Jacket-Simpson, the long-time managing director of Citi’s transitions business, said the recruitment took the Citi transitions team to five dedicated transitions managers. The others were: Sandeep Gurkhi, Stephanie Ng, Ash Patel and himself. Â Jackett-Simpson said: “Given Stuart’s transition management credentials, fixed income experience and quantitative skills we believe that he will add further insight and experience, leading to better client outcomes.”
