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Colonial First State product manager Gideon Lipschitz wins major industry award


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Sydney, 29 October 2010: Colonial First State product manager Gideon Lipschitz was announced the overall winner of the fifth annual Financial Services Council/Deloitte Future Leaders award by the Hon Bill Shorten, Assistant Treasurer and Minister for Financial Services and Superannuation, at a major industry luncheon today.

Selected from a field of 28 contenders from the wealth management industry, Gideon’s paper, Moving from a model of disclosing risk to understanding risk, looks at measuring and comprehending risk in financial services.

His will receive a trip to London to meet with Deloitte’s global funds management and investment risk leaders in the UK to explore his thesis that the financial services industry needs to think beyond disclosing risk if it is to be more effective.

Deloitte Australian wealth leader Sarah Woodhouse said: “The Financial Services Council/Deloitte Future Leaders program is about identifying the wealth management industry’s most creative and strategic-thinking young professionals.

“This year’s entries show that our young professionals have really risen to the challenge – in fact our winner Gideon combined his own original thinking with some of the industry’s newest ideas to challenge us all to become industry leaders in helping investors better understand risk.

“Gideon’s entry explored three simple questions about superannuation – will I have enough when I need it; can I get it when I need it; and what will happen to the value of my investment along the way?” Ms Woodhouse said.

Financial Services Council CEO John Brogden said: “The Financial Services Council/Deloitte Future Leaders program gives young professionals in the financial services industry an opportunity to explore and develop practical recommendations for improving industry operation and investor experience.

“The program is open to financial services professionals under 30 years of age, allowing future industry leaders to gain recognition at the highest levels in their organisations and the industry,” Mr Brogden said

The three other finalists were Jason Gordon, TOWER Australia, for his paper on Demonstrating the Value of Life Insurance; Hema Raman, Australian Securities and Investments Commission (ASIC), for her paper onIntegrating Environmental, Social and Governance Factors; and Nicole Chew, ASIC, for her paper on Improving Engagement with Superannuation.

2010 Future Leaders participants Honour Roll:
Leila Anderson – Goldman Sachs Asset Management; Katherine Ashby – Asteron; Luke Benson – InsuranceLine; Peter Bryant – The Trust Company; Peter Campbell – Colonial First State Global Asset Management; Sally Carvallo – ING Australia; Gigi Cheung – TOWER Australia; Nicole Chew – ASIC; Rory Cunningham – FIL Investment Management (Australia); Cherie Feher – AMP; Rachael Foo – Vanguard Investments; Jason Gordon – TOWER Australia; Matt Hale – Financial Design for Life; Rohan Jain – National Australia Bank; Gideon Lipschitz – Colonial First State; Christopher McNamara – Perpetual; Steven Mong – Macquarie Group; Tithira Ngoeun – AMP; Hema Raman – ASIC; Belinda Renshaw – ASIC; Suzie Robinson – AUSTRAC; Kelly Rossetto – AMP; Linda Soo – AllianceBernstein Australia; Zaffar Subedar – AMP; Cindy Tan – JANA; Marcus Wallace – Vanguard Investments; Matthew Wood – MLC; Sharon Zhang – APRA

Judges:
Ann Byrne – Australian Council of Super Investors; Anne Coyne – MLC; John Crosswell – Suncorp Life; Kevin Davis – Melbourne Centre for Financial Studies; Gerard Kerr – ING Australia; Peter Labrie – Colonial First State; Anthony Lane – Mercer (Australia); Jim Minto – TOWER Australia; Mark O’Brien – AMP Capital Investors; Geoff Peck – Russell Investment Company; Neil Rogan – AMP; Dr Don Russell; Paul Sainsbury – AMP; Phil Stockwell – BT Investment Management; Richard Weatherhead – Rice Warner Actuaries

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Contacts

Name:
Louise Denver
Company:
Deloitte
Job Title:
Director, Corporate Affairs & Communications
Phone:
Tel: + 61 2 9322 7615, +61 414 889 857
Email
ldenver@deloitte.com.au
Name:
Sarah Rich
Company:
Financial Services Council
Job Title:
Finance Media Adviser
Phone:
Tel: +61 2 8235 2520 +61 (0) 4 1039 7141
Email
srich@fsc.org.au

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