Senior custody salesman jumps ship

The head of sales and relationship management at ANZ Custodian Services, Angelo Calvitto, has moved to another custodian.

Calvitto will become senior sales and relationship manager at Northern Trust, reporting to head of the global custodian’s Australian office, Paul Cutts. Calvitto should already be well known to Northern Trust’s major southern hemisphere clients – the Future Fund and NZ Super – because ANZ is currently Northern’s sub-custodian in Australia.

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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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