Debt-laden Centro Property Group has replaced chief executive Andrew Scott with the head of its United States operations, Glenn Rufrano.
Debt-laden Centro Property Group has replaced chief executive Andrew Scott with the head of its United States operations, Glenn Rufrano.
Scott departed on January 15 with a $3 million severance package.
Centro is struggling to refinance $3.9 billion worth of debt as a result of the US credit crunch and is under fire for playing down its liabilities on its June 30 balance sheet.
In Part 2 of our exclusive series, we ask leading names to nominate their best investments, the most effective industry group and the importance of platforms.
A former colleague of mine once offered the opinion that industry superannuation funds are reconstructed socialists - despite their union influence, these funds have grown and benefited from a global capitalist world.... read more »
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Catholics revamp fixed interest »
Industry superannuation fund the Catholic Superannuation and Retirement Fund (CSRF) has revamped its fixed income portfolio.
Mercer backs alternatives »
Mercer has awarded $34.15 million in mandates to Tactical Global Management (TGM) and Lazard Asset Management to invest in alternative assets.
