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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‘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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