Morse Consulting hires heavy hitter

Morse Consulting, an operations consultant to the investment industry, has hired a former Colonial First State executive to its Sydney office.

Drew Kidner becomes the thirteenth professional employee of Morse in Australia, and will lead its provision of investment administration advice to funds managers. Kidner has worked in the financial services industry for 20 years. Prior to Colonial First State/CBA Wealth Management, Kidner was a member of the Perpetual Investments senior executive team with responsibility for operations, business technology and project management across the funds management business. Morse provides business advice spanning front, middle and back office, strategy, mergers & acquisitions, outsourcing, technology and application architecture and operational reviews. Support services are provided in program management, change management, compliance and process and cost analysis.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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