Industry Updates

Invesco appoints multi-asset strategy leader

Fund manager Invesco Australia has appointed Scott Bennett as its director of factor investing and multi-asset strategies, based in Melbourne.  

ART appoints head of investment resilience and planning

Australian Retirement Trust has appointed Jody Fitzgerald as head of investment resilience and planning, in a newly created role.

Change to ‘qualified tax relevant provider’ definition

Advisers who are a relevant provider and a registered tax agent now satisfy the definition of a ‘qualified tax relevant provider’ without having to meet the requirements of Division 3 of Part 3 of the Relevant Providers Determination, according to an update from ASIC.

Quinbrook launches carbon footprint reporting platform

Asset manager Quinbrook Infrastructure Partners has launched a digital platform, Quintrace, to help customers trace, audit and report their hourly carbon footprint.  

BT’s PPM transition to Mercer successful

Mercer has announced the transition of BT’s Private Portfolio Management business from Westpac Group to Mercer has been successful. 

Diversity Council Australia reconfirms MetLife Australia as inclusive employer

Diversity Council Australia has recognised life insurer MetLife Australia as an inclusive employer for the second time.

Betashares appoints ED for NZ expansion

ETF manager Betashares has appointed financial services executive Hugh Stevens as executive director, responsible for a range of growth, distribution, and strategic initiatives as part of the firm’s New Zealand expansion. Stevens has over 20 years of experience in financial services and funds management, working across structured debt, project finance, alternative assets, superannuation, and PIE

Charges laid after investigation into Sterling Income Trust

Sterling Group founder Raymond Jones, his son Ryan Jones, and director Simon Bell are each facing several criminal charges following ASIC’s investigation into the Sterling Income Trust (SIT) and the collapse of the Sterling First group of companies. 

Tech start-up launches financial planning software

Technology start-up Elan has launched financial planning software designed exclusively for Australian financial advisers. 

Count subsidiary acquires accounting firm

Count subsidiary firm Twomeys has acquired Canberra-based accounting firm Allan Watt Accounting (AWA).

AZ NGA acquires outsourced HR firm

Professional services company AZ NGA has acquired outsourced human resources company Catalina Consultants as part of its plans to build out the range of business support solutions it offers its expanding network of financial advisory and accounting firms. 

Australia’s first Sukuk active ETF launched by Hejaz Group

Islamic Finance provider Hejaz Group has launched Australia’s first Sukuk active ETF, enabling investors to access a Shariah-compliant bond alternative product. 

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