Company Generation Development Group Limited

GDG

AU0000005126

Insurance Funds

Market Closed - Australian S.E. Other stock markets 11:17:31 13/05/2024 am IST			5-day change	1st Jan Change
2.24 ^AUD	-0.44%		0.00%	+28.37%

19/04	Generation Development Grows Funds Under Management by 29% in March Quarter	MT
28/02	Generation Development Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI

Business Summary

Generation Development Group Limited is an Australia-based company, which operates as a pooled development fund. The Company is primarily involved in the provision of life investment products within the Australian Life Insurance Sector. Its segments include Benefit Funds Management and Fund Administration, and Other Businesses. The Benefit Funds Management and Fund Administration segment is engaged in the provision of administration and management services to the Benefit Funds of its subsidiary, Generation Life Limited, and administration services to institutional clients. Generation Life Limited is a specialist provider of investment bond product solutions. The Other Businesses segment pertains to investment in associates. Lonsec Holdings Pty Ltd (Lonsec), its associate company, includes Lonsec Investment Solutions that helps dealer groups and independent financial advisers establish diversified managed portfolios and separately managed account (SMA) solutions.

Number of employees: 28

Sales per Business

AUD in Million	2022	Weight	2023	Weight	Delta
Benefit Funds 96.4 %	-183	104.2 %	244	96.4 %	-233.33%
Benefit Funds Management & Funds Administration 3.0 %	7	-3.9 %	8	3.0 %	+10.38%
Other Business 0.6 %	0	-0.3 %	1	0.6 %	+200.00%

Sales per region

AUD in Million	2022	Weight	2023	Weight	Delta
Australia 100.0 %	-176	100.0 %	253	100.0 %	-244.05%

Managers

Managers	Title	Age	Since
Terence Wong DFI	Director of Finance/CFO	-	19/18/19
Rob Coombe CHM	Chairman	61	18/17/18
Felipe Araujo COO	Chief Operating Officer	-	01/20/01
William Eric Bessemer BRD	Director/Board Member	-	09/12/09
Amanda Jane Gawne SEC	Corporate Secretary	-	01/03/01

Members of the board

Members of the board	Title	Age	Since
William Eric Bessemer BRD	Director/Board Member	-	09/12/09
Rob Coombe CHM	Chairman	61	18/17/18
Giselle Collins BRD	Director/Board Member	-	18/21/18

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	190,610,251	123,677,158 ( 64.88 %)	0	64.88 %

Shareholders

Name	Equities	%	Valuation
River Capital Pty Ltd. 8.400 %	16,018,196	8.400 %	24 M $
John David Wheeler 7.724 %	14,730,488	7.724 %	22 M $
Wilson Asset Management (International) Pty Ltd. 7.572 %	14,440,370	7.572 %	21 M $
William Eric Bessemer 6.902 %	13,161,899	6.902 %	20 M $
Patricia Mary Tooth 5.026 %	9,583,897	5.026 %	14 M $
Ellerston Capital Ltd. 4.988 %	9,511,452	4.988 %	14 M $
BlackRock Investment Management (Australia) Ltd. 4.936 %	9,413,994	4.936 %	14 M $
Rob Coombe 4.674 %	8,912,792	4.674 %	13 M $
Candoora No 31 Pty Ltd. 3.158 %	6,022,860	3.158 %	9 M $
Frank Gerard Zullo 2.098 %	4,000,001	2.098 %	6 M $