InTech appointed former Rothschild Australia Asset Management exec director, Daryl Hawkey, as a non-exec director, while van Eyk tapped former Russell head of insto business Steve Roberts for its board.
Former hedge fund manager Geoff Weir was appointed managing director of the Australian Financial Centre Forum , a join government/financial services industry initiative to position the country as a regional financial hub. Chaired by Macquarie Infrastructure chair Mark Johnson, the Forum will help spruik reforms such as the withholding tax reduction from 30 to 7.5 per cent, and the reduction of complexity and compliance costs around the Division 6C managed fund tax regime.
In what could be the last piece of good performance news for super funds for some time, the Chant West Multimanager Survey found the median superannuation ‘growth’ fund (with a 61 – 80 per cent allocation to growth assets) returned 2.3 per cent for the premeltdown month of August.
State Street Global Advisors internally promoted Rick Lacaille as its new global chief investment officer.