Australian Ethical now has more than $2 billion in funds under management, a doubling of funds since 2015.
March was a record month, with net inflows of $32.1 million and the addition of more than 1000 new members.
To cope with the growth, the superannuation fund has boosted its finance and operations team and its senior sales and marketing team.
In the finance and operations area Mark Shanahan has been appointed chief financial officer and chief operating officer; Karen Hughes has been appointed chief risk officer; Kathy Kung has been appointed head of finance; and Mark Simons has been appointed head of product finance.
Mr Shanahan brings over 25 years’ experience in financial services to Australian Ethical, having most recently worked as CFO – banking and financial services at Macquarie Group.
Ms Hughes’ previous role was with Stateplus (formerly State Super Financial Services) where she was general manager risk and compliance. She has held senior roles at Tyndall Australia, Jardine Fleming and Price WaterhouseCoopers. She will be responsible for risk and compliance across the group.
Ms Kung was director, group financial controller with Bank of America, Merrill Lynch, and has held various finance roles in BAML and Price Waterhouse Coopers. She will be responsible for all corporate accounting, statutory reporting and business performance analysis for the company and subsidiaries.
Mr Simons comes from Challenger Limited where he held various finance roles across property and funds management and has held senior roles with Perpetual Limited, Tyndall Limited and KPMG. He will be responsible for managing the finance operations and outsourced operations for AE’s managed funds and superannuation products.
In sales and marketing, Allyson Lowbridge has been appointed chief customer officer; Leah Waldie has been appointed head of client relationships; and Lauren Hogbin has ben appointed senior manager strategic marketing.
Ms Lowbridge joins the team from NAB/MLC and brings over 20 years’ of experience in financial services, with senior roles at InvestSMART, Bell Direct, St George Wealth and BT Financial Group. She will be responsible for customer experiences across B2B and B2C channels.
Ms Waldie joins the team following seven years at IOOF, most recently as head of key accounts, and before that Barclays and BT Financial Group. She will work with Ms Lowbridge to drive B2B relationships, including financial planners, platform providers, employers and institutional clients.
Ms Hogbin joins the team from Charter Hall where she also held the position of senior manager, strategic marketing and prior to that, as a senior marketer with Citi. She will also work with Ms Lowbridge on marketing and brand strategy.
“The past year has been one of considerable change for the business as we position ourselves for continued future growth,” Australian Ethical managing director Phil Vernon said.
“These new additions to the team give us a strong platform to drive growth whilst tightly managing our risk.”