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.
Hancock back with re-energised recruitment firm
Tom Hancock
Tom Hancock, well-known recruiter in the financial services industry, has returned to the fold after a one-year sabbatical in real estate. He has re-started his Thomas Hancock & Associates agency, based in Sydney.
Hancock was the first career recruitment executive to concentrate on financial services in the 1980s, later establishing his own firm operating across the broad range of financial services, including funds management, superannuation, custody and broking.
He said last week that, after a year of working in the real estate market, he decided he wanted to get back into financial services, even though the real estate sales he had been involved with had been quite lucrative.
“I missed the intellectual interaction in the finance marketplace,” he said. “There are a lot of smart and nice people in funds management and superannuation. It’s also a more creative industry and one in which I have a lot of friends.”
Another thing he missed was advising people on their careers. “I found that a lot of candidates were referred to me to get a confidential review of the market and guidance therein,” he said. “I enjoy being a bit of a mentor to people.”
Hancock & Associates tends to operate at the senior management end of the recruitment scale, including directors and trustees. Hancock said that the proposed legislation for one-third of super fund trustee boards to be independent was a new area in which he’d like to assist, as well as helping firms recruit their next generation of executives.
“After trying something else, I feel re-energised now and look forward to working again with old and new colleagues.”
Tom Hancock can be contacted on: 0412 405 058.
