Craig Bingham

Successful fund manager, Bennelong Funds Management (Bennelong), today announced the appointment of Craig Bingham to the position of Chief Executive Officer (CEO). Craig will join Bennelong on 20 October.

With over 25 years’ experience in the industry, Craig is a highly regarded financial services executive with extensive experience in Australian and international markets. He joins Bennelong from Federated Investors Asia Pacific where he was CEO. Prior to that, he was CEO at Portfolio Partners which later became Aviva Investors Asia Pacific, where he was responsible for establishing and developing licensed asset management businesses in Australia, Singapore and China, and expanding Aviva’s presence in Asia and the Middle East. Under Craig’s leadership, he built the strong-performing, award-winning Aviva Investors brand in the Australian market, opened distribution offices in Taiwan, the Middle East and Japan, and created an enviable corporate culture with a strong profit focus.

“I am thrilled to be joining Bennelong and becoming part of the successful business that has been built over the last six years,” said Craig. “Bennelong have established a fantastic platform for growth and its prospects for the future look great, so it is an exciting time to be leading the business.”

Bennelong Chairman Mike Pratt said, “We are thrilled to have attracted such a highly respected and talented leader. In particular, Craig’s experience leading successful businesses with multiple asset management teams across various asset classes, both locally and internationally, and his background in institutional sales, will be incredibly valuable in helping Bennelong achieve its long-term goals.

“While Bennelong has seen exponential growth in the past six years, our ambition for future success continues to be a key driver. There is still plenty of untapped potential to be explored – the acquisition of new teams and expansion of our distribution footprint, both domestically and globally, are the business’ main focus moving forward. We look forward to broadening Bennelong’s offer under Craig’s leadership.”

Since its establishment in 2008, Bennelong has grown its funds under management to over $6 billion through its four asset management teams, Bennelong Australian Equity Partners, Avoca Investment Management, Kardinia Capital and Bennelong Long Short Equity Management.

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Mr Meller replaces Craig Dunn who will retire from AMP following six years as Chief Executive Officer and Managing Director and 13 years with the company.

Mr Meller joined AMP in 2001 and has since held a number of senior roles including Managing Director, AMP Financial Services, which he has held since October 2007.

AMP Limited Chairman, Peter Mason said Mr Meller’s appointment, following an extensive internal and external review, is testament to the quality and rigour of AMP’s approach to succession planning.

“Craig Meller has demonstrated a great capacity to lead and grow the business since he joined AMP more than a decade ago. He has successfully led AMP’s largest business unit during a period of significant regulatory and industry change, while at the same time new technologies have been driving a major shift in customer behaviour,” Mr Mason said.

“He is the right person to lead AMP as we progress the next phase of our strategy, which capitalises on our stronger integrated business.”

Mr Mason said outgoing CEO Mr Dunn will be leaving AMP in a strong position for his successor.

“Craig Dunn leaves AMP in great shape after successfully steering the company through the global financial crisis, unprecedented regulatory change and one of Australia’s largest and most successful financial services integrations,” Mr Mason said.

“On behalf of the Board I thank him for his exceptional leadership and ability to capitalise on the opportunities during this challenging time.”

Mr Meller said he was looking forward to the challenges and opportunities of his new role.

“I’m very excited about the opportunity to lead AMP, particularly in an environment where our customers’ needs are rapidly changing. As we have announced today, we’re focusing on driving higher revenues through deeper customer relationships and improved business efficiencies,” Mr Meller said.

Mr Meller and Mr Dunn will work together closely to ensure a smooth transition to the new leadership.

Craig Dunn said: “It’s been a privilege to lead AMP during a time of extraordinary change and opportunity, and now is the right time for a leadership change. Craig Meller has significant financial services experience, both in Australia and overseas, and I know he will be an outstanding CEO.

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