AUI prepares for future growth with new appointments

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September 13, 2011
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To continue managing its expansion and following a period of solid growth, Australian Unity Investments (AUI) has restructured its business operations, including making several senior appointments.

To continue managing its expansion and following a period of solid growth, Australian Unity Investments (AUI) has restructured its business operations, including making several senior appointments.

As a result, Mr Stephen Alcorn has joined AUI as head of institutional, based in Sydney.

Mr Alcorn has over 20 years financial services experience including business management and development, product development and consultant relations. He was most recently deputy managing director at BNY Mellon Asset Management, and also held the roles of director, institutional business and head of consultant relations during his time with the firm.

Prior to this, Mr Alcorn held business development and marketing roles at Barclays Global Investors, GESB and Sonshine FM. He holds a masters in commerce (finance and funds management) from the University of New South Wales and is a certified investment management analyst (CIMA).

Ms Kara Gilmartin, who was previously executive manager supporting the chief executive officer Mr David Bryant in business-wide and joint venture initiatives, has become head of joint ventures. Ms Gilmartin has responsibility for managing the servicing, governance and distribution needs of AUI’s joint venture businesses. Before joining Australian Unity, Ms Gilmartin was a senior legal counsel with Coles Myer and has a bachelor of law, commerce, business and business economics from Flinders University in South Australia.

On the operational side of the business, Mr Peter Loosmore has joined as chief operating officer.

Mr Loosmore brings 20 years industry experience in operational and finance roles to AUI. This includes chief financial officer roles at Suncorp Group (life insurance and asset management), St George Bank (retail bank), Asgard Wealth Solutions and Rothschild Australia Asset Management; as well as management consulting roles with Deloitte. Mr Loosmore holds a bachelor of business from the University of Tasmania and is a member of the Institute of Chartered Accountants in Australia.

Ms Leonie Pratt, previously AUI’s chief operating officer, has moved to the newly-created role of general manager – executive, where she will look after AUI’s corporate governance responsibilities including licenses and capital usage and give additional support on operational matters to Mr Bryant. Ms Pratt 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. She holds a bachelor of business, accounting and finance degree.

Mr Bryant said that the business has been built on ensuring that it had the resources in place to manage anticipated growth.

“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.

“The restructure and new appointments will further strengthen our business and ensure we can continue to achieve our business ambitions,” Mr Bryant said.

Australian Unity Investments is the funds management arm of financial services, health and retirement living services provider Australian Unity. It has over $11 billion in funds under management (as at 31 August 2011). Its investment approach is to use its established in-house expertise in property and mortgages while also forming joint ventures and strategic alliances with other organisations with specialist expertise.


For more information please contact:

David Bryant – 03 8682 4401

19 September 2011




* As at 31 August 2011