AMP Capital has appointed Tim Keegan to the newly created role of head of SMSF, as it prepares to develop specific solutions for the segment for release in 2014.
The addition of Keegan marks the business as being one of the first fund managers with a dedicated SMSF executive, as it prepares to increase its presence in the SMSF market.
Keegan was previously the head of National Australia Bank’s (NAB) nabtrade and has 20 years’ experience in the wealth industry.
He steps into his new role in late October.
AMP Capital director of retail and corporate Craig Keary said Keegan would bring significant and strategic expertise to the company’s retail team and AMP’s SMSF business, and develop customer-focused investment solutions.
“Tim is a proven leader with a deep understanding of the retail market and the distinct needs of retail clients,” Keary said.
“His experience in strategy development, building businesses from scratch and identifying commercial opportunities will be critical to AMP Capital’s move into this largely untapped market.
“The key to our success is our significant SMSF expertise we have across AMP to meet the broad needs of this sector – this enables us to better understand the needs of SMSF trustees and design solutions that they truly value.”
AMP Capital will develop solutions specifically designed for the SMSF market, with the services to be available next year.
The offerings will provide SMSF investors with access to the full suite of AMP Capital investment capabilities, including assets that are typically difficult for this group to hold in their portfolios.
Prior to NAB, Keegan was head of online trading at Macquarie and he also worked at Etrade Australia.
