AUI appoints head of institutional business

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Paul Banks has been appointed head of institutional business at Australian Unity Investments (AUI), reporting to Fiona Dunn, general manager – funds management.

Mr Banks will be responsible for further building AUI’s business through relationships with the institutional market.

He has over 22 years’ experience in financial services and joins AUI from Morgan Stanley, where he held several senior roles including head of pension client solutions, head of transition, and head of structured solutions.

Mr Banks has also worked at Goldman Sachs JBWere, Deutsche Bank, and Macquarie Bank.  He holds a bachelor of business degree from Charles Sturt University, a bachelor of arts degree from Ambassador University in California, and a graduate diploma in applied finance and investment from the NSW Securities Institute.

Ms Dunn said that Mr Banks has exceptional knowledge and experience in the development of product and customer solutions.

“Paul’s background, skills and strong relationships make him an ideal fit for AUI at this exciting stage of the business.

“Continuing to generate funds inflows for our boutique funds management partners and our property funds is a fundamental component of Australian Unity’s strategy and we believe Paul is the right person to help us achieve our growth plans,” Ms Dunn said.

Australian Unity Investments is the funds management arm of Australian Unity, a national healthcare, financial services and retirement living mutual organisation. 

Australian Unity Investments offers a range of investment funds in domestic and international equities, fixed interest, and property.  Its investment approach is to use its established in-house expertise in property and mortgages while also forming joint ventures and strategic alliances with boutique asset managers.

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For more information please contact:

Fiona Dunn – Phone: 02 9256 8711

14 August 2013