Farmer to replace retiring IOOF CIO

10-Feb-2017

By Leanne Abbas

Email Article Print Article

IOOF has announced chief investment officer Steve Merlicek will retire on 30 June to be replaced by Australian equities portfolio manager Dan Farmer.

The group confirmed Merlicek would step down after eight years in the role but would stay on as a member of the Investment Management Committee.

IOOF managing director Christopher Kelaher said he was delighted that Merlicek had decided to retain close ties to the business.

“Steve has made an outstanding contribution to IOOF and has been instrumental in delivering impressive investment outperformance over the long term,” Kelaher said.

“Steve has also built a strong and capable investment team, testament to which is the elevation of Dan Farmer to the chief investment officer role.”

Kelaher noted that during his seven-year career Farmer had had an integral role in the delivery of quality multi-manager investment solutions and the strong performance of the team.

“I am very pleased that we have the talent and bench-strength to appoint an internal successor,” Kelaher said.

“The company has supported Steve in building a high calibre investment management team, and I am confident that Dan and the investment team will continue the strong track record of investment outperformance following the planned transition.”

« Back to Articles