BGI taps competitor for ‘new Genocchio’

Barclays Global Investors has replaced its former head of sales – consultant and research house relations, Charles Genocchio, who left earlier this year to re-establish HSBC Asset Management in the Australian marketplace.

It is understood that Mark Oliver, who since May 2006 has been a director of channel management and direct sales at Credit Suisse Asset Management (Australia), has taken the role. Prior to his stint at CSAM, Oliver was a client relations manager for State Street Global Advisors, and before that worked in a similar capacity for several Scottish-based managers including Martin Currie.

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NZ Super cuts benchmark return expectation on US valuation concerns

A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark.

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