The Investment Question
Senior Vice President, Morgan Stanley Wealth Management
Following a business degree at RMIT, Bruce worked as a Chartered Accountant with EY and Price Waterhouse for six years before moving to corporate banking for a further seven years.
He started in the investment industry in November 1987 as an analyst researching a range of Industrial sectors. After another four years, he became a successful portfolio manager at Colonial Investments in Melbourne, which led to the move to what is now Morgan Stanley Wealth Management as a senior wealth adviser in 1999.
As a Wealth Manager, his clients include charities, superfunds, and family offices. This work covers structuring and advice on investment management, asset allocation and asset election.
Bruce holds a BBus(Acc), and MBA. He is a Fellow of CAANZ and a Senior Fellow of FINSIA, an Alumni of Leadership Victoria and has been a director, Finance committee member and adviser in the NFP sector, particularly in Finance and Governance. Interests include keeping active with cycling, tennis, swimming, reading, history, travel and family.
For growing organisations, the build-up of cash to fund daily operations and future growth presents a liquidity problem: how much do we need to run the business and what do we do with the excess until it is needed for other projects. Not only does the answer require specialist knowledge, but it is the duty of each director to ensure that the funds of the organization are handled in the best interests of members.
What options are available, who has responsibility, how are funds managed and what structures are even available? These are questions which every director needs to be familiar with.
This session will consider:
- i. How to document the policy of the board
- ii. What to look at when making decisions regarding investments
- iii. What investment options are available
- iv. How to organise the selection of an investment manager to lead the investment process.
At the end, you will know the specific steps to take back to your board to start the conversation, and decide the best way forward. Prudent management of the funds is one of the most important decisions a board has to make: from the members/clients perspective and from a legal perspective. All directors must be involved. All directors must have the knowledge. It is not an option. You need to know what is involved.
Master the art of the boardroom
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