As part of a restructuring of responsibilities between the family’s public and private arms, the Myer Family Investments has created a new Chief Executive Officer role.
Danielle Press, who was formerly the deputy head of Australia and Head of Risk at UBS Global Asset Management (Australia), will take up her new role at The Myer Family Office (MFCo) in July.
Her appointment is expected to see ex-ANZ executive Peter Hodgson, the former CEO of both MFCo and the Myer Family’s private investment group Myer Family Investments (MFI), focus on his responsibilities at MFI.
Hiring Activity
This will be the second senior management change at MFC0 this year, as finews.asia reported, earlier MFCo appointed former Credit Suisse APAC CEO Marcel Kreis as Chairman.
MFCo’s funds under management have doubled over the past five years and it now manages $3 billion for more than 120 wealthy family client groups after increasing its client base by almost a third over the past two years.
