Bennelong Funds Management has announced the appointment of John Burke as its new global CEO, succeeding Craig Bingham who will depart after eight years.
Mr Burke was previously the global head of Fidante Partners. Described by Bennelong as a proven growth leader with broad global experience, he has previously held roles at Mercer, AllianceBernstein and Deutsche Bank and also established Challenger Investment Solutions.
“We are delighted to welcome John as our new CEO,” said Bennelong chairman Michael Dwyer.
“He brings leadership strength in his track record as well as extensive knowledge of the funds management sector and will be a pivotal part of the next stage of our growth ambitions.”
Commenting on his appointment, Mr Burke said that he was attracted to the role due to Bennelong’s reputation for delivering quality investment products to its customers.
“Bennelong is a high-calibre organisation, and I’m looking forward to sharing my experiences and perspectives with the board and the Bennelong team,” he said.
“It will be a privilege to lead a company that is already known for the quality of its people and products, and I can’t wait to get started to help bring the best possible outcomes to Bennelong’s clients.”
Mr Burke will join the firm in the first half of this year to allow for a comprehensive handover and a smooth transition period. Bennelong noted that Mr Bingham and the firm’s board have spent the last two years actively planning the succession.
“I feel it’s time to pass the reins to the next leader,” Mr Bingham said.
“I’ve enjoyed my time at Bennelong immensely and am very proud of everything we’ve achieved as a team.”
On behalf of the board and the broader business, Mr Dwyer thanked Mr Bingham for his important contribution to Bennelong during his tenure.
“Since joining in 2014, he has facilitated significant growth of the business, establishing Bennelong’s offshore arm BennBridge in the UK and US, partnering with a number of boutique funds management teams across the globe, and growing assets under management and advice from around $5 billion in 2014 to more than $15 billion at 31 December 2022,” said Mr Dwyer.
“We wish him every success in the next chapter of his career.”