MLC Wealth locks in asset management leadership

— 1 minute read

MLC Wealth has announced three key appointments to the leadership team of its asset management business as part of an ongoing commitment to separate from NAB.

New appointments include Amna Khan as general manager, product; Sharon Davis as general manager, strategic initiatives and growth; and Mark Siow as general manager, asset management services, MLC Wealth said in a statement

Ms Khan will join MLC from her current role as head of product for Asia Pacific at First Sentier Investors (formerly Colonial First State Global Asset Management), where she has held responsibility for investment product strategy.


Before joining First Sentier in 2001, Amna worked at Citi Pakistan, pioneering credit product development in the country.

Meanwhile, Ms Davis and Mr Siow are both internal appointments.

Ms Davis has most recently been serving as chief operating officer for NAB Asset Management and has spent the past two decades in investment management and wealth.

Mr Siow has been with the asset management business since 1998 and has recently been leading the ongoing implementation of investment strategy for clients and the provision of operational support for our investment teams.

All three appointments represent the final additions to a leadership team of five reporting to Garry Mulcahy, incoming group executive, asset management, said MLC Wealth.

Earlier this month, Mr Mulcahy announced Jonathan Armitage would continue as chief investment officer, with Mandy Mannix joining as general manager, distribution.

“Having a strong and experienced team of investment management professionals is critical to our future success and I’m delighted Amna, Sharon and Mark will join Jonathan and Mandy [in] the leadership team,” Mr Mulcahy said.

“They are seasoned executives who will bring extensive experience, fresh insights and a deep commitment to great client and member outcomes.”

The appointments come as MLC Wealth prepares to change the name of its asset management business as part of ongoing work to separate from NAB Group.

In March, NAB announced its asset management business would become MLC Asset Management. The rebrand is effective from today.


MLC Wealth locks in asset management leadership
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Adrian Flores

Adrian Flores

Adrian Flores is a features editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected]

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