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TOWER appoints new head of investments

Friday, May 6th 2005, 4:22PM

TOWER has appointed the managing director of Professional Investment Services (PIS), Grahame Evans, to the role of chief executive investments in Australia.

This appointment completes the line up of TOWER's new senior executive team under the new management structure put in place by ceo Jim Minto.

“Grahame will take responsibility for the Investments business in Australia which we see as being complementary to our strong market presence in the risk insurance sector,” Minto said.

TOWER in Australia presently has more than $2.7 billion in funds under management and $0.5 billion in funds under advice (FUA) and was looking to significantly grow this in the coming years.

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