UCA Funds Management has announced that Mathew Browning will be the ethical fund manager’s new chief executive officer and executive director, effective 5 February 2018.
UCA Funds Management chairperson Dr David Cousins said the board is delighted to announce Mr Browning’s appointment to the team.
“On behalf of the board of directors, I welcome Mathew as our new chief executive officer and executive director,” Dr Cousins said.
“Mathew is a proven asset manager and advisory business leader, with a strong track record. He has been able to bring together a diverse set of commercial, investment and stakeholder management skills to build and expand boutique businesses.
“Under his strong strategic leadership, the company will further strengthen its ethical and impact presence in Australia. Mathew will be an asset to UCA Funds Management and a key step in our continued growth trajectory.
Mr Browning brings more than 25 years’ experience in financial services, property and professional services to UCA Funds Management, in roles across Australia, Asia and the UK. This experience includes a decade with the Myer Family Company (MFCo).
At MFCo, Mr Browning held three roles as head of investment, chief operating officer and general manager. As head of investment, he led the team that rebuilt the investment offer resulting in substantial growth in funds under advice.
Prior to MFCo, Mr Browning co-founded a boutique asset manager focused on global healthcare equities targeting both wholesale and retail investors. The fund doubled the return of the MSCI World Health Care Index over four years.
Reflecting on the appointment, Mr Browning said: “It is a great privilege to have been selected to lead UCA Funds Management in the new year.”
“I am excited to be a part of UCA Fund Management’s deep ethical investment heritage and to be joining its passionate team. I look forward to working with the board, management and staff in strengthening the company’s position in the sector, and to leading it into new areas of innovation and growth.”
Ahead of his retirement on 28 February, current chief executive officer Michael Walsh will be handing over the mantle to Mr Browning on 5 February. This transition period will facilitate a smooth handover of the role.
“We would like to thank Michael for his significant contribution as CEO over the past five years. In this period, UCA Funds Management grew from $820 million to the $1.1 billion today and consolidated its leadership in the ethical investment sector,” Dr Cousins said.
“In 2018, UCA Funds Management will be celebrating 33 years as a dedicated ethical fund manager. Michael has helped build a sound foundation for the business, allowing it to become the first faith-based social enterprise to be licensed by the Australian Securities and Investments Commission as a Responsible Entity.”
“The board is looking to build on this sound foundation with Mathew and to achieve continued growth and development as an ethical investment leader.”