ANZ Custodian Services will expand its sales and marketing team under new director Angelo Calvitto, who took over from Kate Beaurepaire following her resignation late last month.
Beaurepaire, a marketer of ANZ’s custody wares for more than seven years, left to go on a walking holiday in the Himalayas and her subsequent plans are unknown. Calvitto said he had the resources to “hire a few more bodies” to specialised business development positions, concentrating on one of ANZ Custodian Services’ three core businesses – fund administration, securities lending and domestic sub-custody for overseas institutions. The sales and marketing team is now two people short, following Beaurepaire’s departure and that of Jamie Spark last August.
Insignia Financial has shifted to outsource administration of its $180 billion superannuation assets, inking a deal with SS&C and reassigning 1300 workers to the service provider during the process. The decision stands in stark contrast to peers such as Aware Super, which recently internalised member services, but CEO Scott Hartley said that option is a “costly exercise”.
Darcy SongDecember 10, 2024
