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.
06/06/2006
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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