The Australian family office group has appointed a former executive of NAB and JP Morgan.

Former National Australia Bank and JP Morgan executive, Nicholas Lipscome, has been appointed to head up the New South Wales team of the Myer Family Company.

“Since we opened our Sydney office more than a decade ago, MFCo’s Sydney operations have grown rapidly to become the best established of their kind in the market,” she said.
“With Nick at the helm, I’m confident the business will continue to set new benchmarks for our sector here in Sydney," Danielle Press, MFCo chief executive Danielle Press was quoted by Money Management, an Australia publication, as saying. Details were later confirmed to WealthBriefingAsia.

In February last year one of the former top figures at Credit Suisse and a head of its private bank in the Asia-Pacific region, Marcel Kreis, became chairman of the family office firm.
The Myer organisation is also a member of the Wigmore Association, a global network of chief investment officers from seven family offices.