Chief Executive Officer of Colonial First State Superannuation, Kelly Power, has announced the appointment of Jonathan Armitage as Chief Investment Officer of Colonial First State.
Jonathan is a highly regarded investments executive with nearly 30 years of global experience, having worked in Australia, the United Kingdom and United States. He has a strong reputation as a leader in asset management, and his appointment means CFS is well positioned to further improve product performance and deliver the best outcomes for members. Jonathan will commence in August.
Ms Power said, “We are pleased to have Jonathan on board. Jonathan has a breadth of experience in Australia and globally including directly running investment portfolios. His strong skill set, global asset management experience, and track record of success, will help us to deliver market leading investment performance for members in the future.
“Jonathan’s appointment further strengthens our investments team capabilities and, with other changes we have made, is helping to make CFS one of the most competitive retail superannuation and investments businesses in Australia.”
Most recently Jonathan was the Chief Investment Officer and General Manager of Asset Management at MLC. His responsibilities included managing multi-asset diversified funds, fixed income, private equity and alternative capabilities. He joined MLC in August 2011 as Head of Global Equities, before becoming Head of Equities in December 2011 and being appointed Chief Investment Officer in March 2013.
Prior to MLC, Jonathan spent 20 years at Schroders, where he held roles including Head of US Equities and Deputy Head of Global Equities.
After more than 30 years with CFS, Scott Tully felt that the time was right to pursue the next phase of his career outside of CFS.
“We greatly appreciate Scott’s contribution to CFS over many years, the way he has led his teams, and his commitment to our members. We wish him all the very best for the future,” Ms Power said.