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.
Mulligan takes up Netwealth board spot
(pictured: Kate Mulligan)
Kate Mulligan, the chief executive of the investment industry legal services firm King Irving Consulting, has joined the board of the wealth management firm Netwealth, increasing the number of independents on the board to three.
Netwealth is one of the largest privately owned wealth management and advisory companies. It is controlled by the Heine family.
The company’s chair is Jane Tongs, a former partner at PwC. The other independent director is Davyd Lewis, a former partner at Mallesons Stephen Jaques. The managing director is Michael Heine.
Mulligan is a former managing director of the boutique multi-manager All Star and Ventura Funds Management and, before that, managing director of Advance Asset Management.
