Industry fund tax guru crosses street

A guru on tax matters for corporate and industry superannuation funds has moved from Deloitte to Mercer Outsourcing.

Richard Rose, a Sydney-based tax principal at Deloitte for more than ten years, started at Mercer Outsourcing this year as a client services manager in its corporate super division. In other Mercer news, Mercer’s Sentinel administration consultancy has hired Jeff Crispin to lead its business development in Europe. Crispin, a 25 year veteran of the pension industry who’s worked on both the fund and custodian sides, joined from Thomas Murray where he ran European sales.

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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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