HSBC loses BT relationship manager

HSBC Securities Services has lost a senior manager of investment manager relations, whose primary responsibility was the bedrock BT/Westpac relationship.

Danny Chidiac came to HSBC SS with its Westpac acquisition in 2006, but will shortly move to a senior product role at Russell Investment Group, reporting to head of product Shannon Vetto. HSBC SS head of client services, John Butler, said a replacement for Chidiac would be announced shortly.

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Funds SA goes ‘TPA-lite’ to break free from ‘benchmark slavery’

The $50 billion investment manager for the South Australian state government is moving towards a “lite” version of the total portfolio approach, with chief investment officer Con Michalakis determined not to miss a good investment opportunity just because it doesn’t fit into an asset class bucket.

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