Deal to buy big Aussie custodian is close

National AS is understood to be competing with Northern Trust to run the middle office for QIC, which is swiftly globalising in its requirements now that its major client, QSuper, is building its own investment arrangements.

Both National AS’ Leigh Watson and BNY Mellon AS’ Brian Slade refused to comment on the situation.

 

 

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New Future Fund CIO eyes shifting dynamics in emerging markets

The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.  

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