Australian Unity Investments (AUI) has restructured its business operations, including making several senior appointments, to prepare for future growth.
Stephen Alcorn has joined the company as head of institutional.
Alcorn was most recently at BNY Mellon Asset Management as deputy managing director and has over 20 years’ financial services experience.
Kara Gilmartin was appointed head of joint ventures. She was previously executive manager supporting AUI chief executive David Bryant in business-wide and joint venture initiatives.
Gilmartin has responsibility for managing the servicing, governance and distribution needs of AUI’s joint venture businesses.
AUI strengthened the operational side of the business with the hire of Peter Loosmore.
In the past, Loosmore has held chief financial officer roles at Suncorp Group, St George Bank and Rothschild Australia Asset Management and has 20 years’ industry experience in operational and finance roles.
Leonie Pratt, previously AUI’s chief operating officer, has moved to the newly-created role of executive general manager.
Pratt will look after AUI’s corporate governance responsibilities, including licences and capital usage, and give additional support on operational matters.
She has over 20 years’ financial services industry experience, including eight years at Intech in roles including head of institutional client services and head of investment operations.
“The restructure and new appointments will further strengthen our business and ensure we can continue to achieve our business ambitions,” Bryant said.
“Today, as a group with more than $11 billion in funds under management, our organisation is significantly more complex than it was five years ago, including an expanded product range, additional joint venture partners, and increasing governance and board responsibilities..
“We have also undertaken several acquisitions, including the recent Investa retail property funds, the acquisition of the $400 million diversified property fund from Westpac last year, the merger with Lifeplan Funds Management in 2009, and we are currently progressing a proposed merger with Big Sky Credit Union.”
