Money News 24.04.2018
In this interview with Ross Greenwood on Money News, David Buckland discusses the big falls we have seen in a number of stocks in the past few days. These include iSelect, Blue Sky Alternative Investments, AMP and Kogan.
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
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John
:
yep
John
:
David though this was a depressing interview you have hit the nail on the head. There appears to be something rotten in corporate Australia and it seems to relate to lack of integrity that stems from the top – perhaps as you hint at this issue has a generational issue.
The case of AMP and the other banks/funds is instructive – if these big players (with the best renumerated executives) in the country can’t even get the basics right then what is happening elsewhere?
John
David Buckland
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Hi John, in their integrated business models too many went for “share of wallet” while forgetting about the need to give their clients the best possible (transparent) advice. The AMP was the premier institution in this country for decades and its Board was generally lead by the most impressive (and conservative) people. However, since floating in June 2001 (when the share price exceeded $30 intraday), it has mostly been an enormous disappointment.