MLC Asset Management has made two senior appointments within its managed accounts division.
XPLORE Wealth head of product Neil Gellett has joined the organisation to become its head of managed accounts, while Brett Bevan, a former head of research for CBA’s advice licensees, has become head of investment consulting, managed accounts.
Mr Gellett has a reported 20 years’ experience in wealth management, having previously also held senior positions at Perpetual and BT Financial Group.
Mr Bevan similarly has a recorded 18 years’ experience, having worked with CBA for six years. He also has held investment and research roles with Suncorp and Perpetual.
Jason Komadina, director of managed accounts at MLC AM commented: “Both bring a wealth of industry experience which will further strengthen our managed accounts proposition and help us deliver the best of MLC to clients and advisers.
“The growth of the team reflects the continued uptake of managed accounts among advisers and increasing demand for access to MLC’s professionally managed portfolio construction services.”
He added managed accounts have been one of the fastest-growing segments of the wealth industry, with “Australians having invested more than $95 billion”.
“At MLC we see managed accounts playing a central role in supporting advisers to deliver on client investment goals, in line with their risk appetite and preferences,” Mr Komandina said.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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