JANA signals expansion with new promotion 1 minute read 15 December 2020
One of Australia’s largest investment consultants has signalled its intent to diversify away from the superannuation sector with the promotion of its retail head.
JANA has promoted Michael Karagianis to head of not-for-profit (NFP) and retail as it looks to build out its presence in the non-super space – the fastest-growing part of the business for 2020, with a client base that has tripled over the year.
“JANA has experienced tremendous success in the retail space this year, and we are now applying that expertise to serve the growing needs of the NFP sector,” said chief executive Jim Lamborn.
They would advise charities, foundations, endowments and bursaries on investment strategies best addressing their needs for income and capital gains, all the while preserving the real value of their assets in the long run.
“JANA has a significant existing NFP business, which has recently grown with JANA’s appointment by Foundation North, New Zealand’s largest philanthropic trust. This provides an excellent foundation for future growth,” Karagianis said.
“My time at JANA has been centred around opening up JANA’s advisory and implemented consulting expertise to the wider investment community, initially in the retail advice space and now expanding into the NFP market.”