Equipsuper backoffice head leaves for Citistreet

Equipsuper’s manager of member administration will leave the fund to take a position with its administrator, Citistreet, in December.

A spokesperson for Equipsuper said Matthew Halpin, who has been with the fund since 2001, would leave the fund in October to join Citistreet. “It was done in the right way. [Citistreet] spoke to [Equipsuper boss] Robin Burns before offering the job to Matthew,” the spokesperson said. “But it’s not so bad – to have someone so familiar with the business working for our administrator.” Equipsuper would soon begin advertising internally and externally to replace Halpin, the spokesperson said. Meanwhile, Darren Chang, Citistreet senior manager fund accounting, will exit the administrator before the end of the month to join Taysols, an implemented consulting firm that specialises in various business performance management (BPM) streams, including management consulting and system implementation, as a senior consultant. Mark Taylor, Taysols founder, said Chang would work in the company’s business analysis, project management and system implementation operations. “He has a solid understanding of the business processes in financial services companies and the technologies enabling them,” Taylor said. Approximately half of Taysols clients are financial services companies, including administration providers to superannuation funds, Taylor said.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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