A senior custody manager from BNP Paribas Securities Services (BNP PSS) has been recruited to Challenger Financial Services Group.
Ross Gulliford joined the $19.5 billion diversified financial services group as technical services manager, a newly-created role, on February 4. Gulliford was formerly the custody and investment administration manager at BNP PSS, reporting to Tony Winwood, the custodian’s head of operations. Gulliford has more than 15 years’ experience in investment administration. At Challenger, he works alongside David Mackaway, the group’s general manager of investment services. A spokeswoman for BNP Paribas Securities Services said the company was seeking a replacement for Gulliford. Meanwhile, Challenger has announced its installation of SimCorp’s buy-side module, Order Management³, which sits within the software provider’s backoffice system, Dimension. Previously, Challenger was using the provider’s first order management system. Derek Goh, Challenger’s executive general manager of IT and management services, said that using SimCorp across its front, middle and backoffice investment management operations had proved efficient.
Decarbonisation of fixed income portfolios is a complicated conversation for asset owners, and even more so for Australian super funds which cannot afford too much tracking error, thanks to the stringent guidelines of Your Future Your Super. However, Robeco head of fixed income, Erik van Leeuwen, argued that it is quite feasible to design government and corporate bond portfolios that target a material carbon reduction without excessive impact on risk and return, if investors are smart with their approach.
Darcy SongNovember 1, 2024