Australian Unity Investments (AUI) has restructured its operations to manage its recent expansion and to achieve its five-year growth strategy, the group has announced.
“As a result of the changes, several new roles have been created and others have been enhanced to ensure the business is well positioned to take advantage of existing and anticipated opportunities,” AUI head David Bryant said.
As a result of the changes, former retail general manager Adam Coughlan has been appointed institutional and joint ventures general manager.
He will be responsible for institutional business development for a number of AUI’s joint ventures as well as AUI’s direct property business, including its retirement living investment products.
In addition, Coughlan will be responsible for supporting AUI’s work with its joint venture partners.
Meanwhile, former head of retail distribution Cameron Dickman has been promoted to general manager of retail and will now also be responsible for AUI’s retail product and research functions.
To further support the expansion of its internal asset management businesses, former chief operating officer Mark Pratt will now head up a newly-created division as property, mortgages and banking general manager.
This division includes AUI’s property and mortgage asset management businesses and the Lifeplan Building Society.
Investments and strategy general manager Kirsty Dullahide will assume greater responsibility for merger and acquisition activities, strategic alliances, and creating new business opportunities.
Charles McNeill, who recently moved from the position of group financial controller at Australian Unity to head up finance at AUI on an interim basis, would remain in the role permanently.
A replacement for Pratt would be recruited in due course, AUI said.
