Press Release – Victoria Mutual Investments Limited (VMIL) Organisational Changes
Victoria Mutual Investments Limited (VMIL) has announced the following organisational structure changes to its wholly-owned subsidiary Victoria Mutual Wealth Management Limited (VMWM) effective January 1, 2019:
Devon Barrett – Victoria Mutual Group Chief Investment Officer (CIO) and CEO and Managing Director of VMIL and VMWM, will have dedicated focus on his Group CIO role, leading a new Strategic Investments Unit that will execute on the Company’s Mergers and Acquisitions Strategy, and will continue to lead the Group Investments and Treasury Team to aggressively grow investments and FX business lines. Mr Barrett will remain a Director of VMIL and VMWM, and a key player in the business going forward.
Rezworth Burchenson – Deputy CEO of VMIL and VMWM, as well as CEO of Victoria Mutual Pensions Management Limited (VMPM) will assume the role of CEO and Managing Director of VMIL and VMWM. He will demit office as CEO of VMPM. However, Mr Burchenson will continue to serve as a Director of VMPM.
Colando Hutchinson – Head of Capital Markets, VMWM will be appointed Deputy CEO VMWM, reporting to Rezworth Burchenson. In his new role as Deputy CEO, Mr. Hutchinson, working in concert with Mr. Burchenson, will lead the execution of the agreed initiatives to accelerate the growth of VMWM.