RBC Dexia Investor Services (RBC Dexia IS) head of technical sales, Scott Macdonald, has been promoted to managing director and will replace Alex Muto from January.
The Canadian Muto ran the Australian arm of RBC Dexia IS for nearly three years, during which time it developed something of a specialty for servicing medium-to-small funds managers, and recently entered the unit registry market via an administration deal with Goldman Sachs JBWere Asset Management. Macdonald is currently head of technical sales, leading a global team specialising in the custodian’s forex, securities lending and performance analytics services. Muto will remain until at least March 2007 to ease Macdonald’s transition to the helm.
31 October 2006 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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