Industry Updates

Ares Management appoints partner to credit arm

Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group.

Capital Group appoints head of institutional for Asia and EACG

Investment company Capital Group has appointed Benno Klingenberg-Timm as head of institutional for Asia and Europe Client Group (EACG).

Morningstar appoints Mark Hoven

Morningstar has appointed former Adviser Ratings CEO Mark Hoven as senior vice president of enterprise sales. 

Former abrdn CEO joins consulting firm KONU

Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.

Bennelong and Leadenhall partner to distribute ILS strategies

Bennelong Funds Management has partnered with Leadenhall Capital Partners LLP to distribute its insurance linked securities (ILS) strategies to institutional investors in Australia and New Zealand. 

Netwealth and iCapital partner to distribute investments

Investment platform Netwealth and fintech platform iCapital have entered a strategic partnership to distribute global private market and hedge fund investments to financial advice firms and their wholesale clients across Australia. 

New directors elected to FAAA board

Members of the Financial Advice Association Australia (FAAA) have elected three new directors to the association’s board, in the first elections since the former Association of Financial Advisers (AFA) and Financial Planning Association of Australia (FPA) merged earlier this year.

CFS adds 25 managed accounts to CFS Edge

Colonial First State (CFS) has partnered with Atchison, Drummond, and Russell Investments to expand the investment choice on CFS Edge with 25 new managed accounts.

Allianz Retire+ AGILE to be added to HUB24

Allianz Retire+’s retirement income solution, Allianz Guaranteed Income for Life (AGILE), will be added to HUB24 in Q4 of this year. 

2023 Aged Care Adviser Of The Year Awards launched

Aged care advice provider Aged Care Steps has launched its 2023 Aged Care Adviser of the Year Awards to recognise advisers working in an increasingly important advice area.

Life insurance industry doubles profit in FY23

Australia’s life insurance industry doubled its profits to $1.2 billion in FY23, according to KPMG’s annual market review.

Equip Super names former Suncorp CEO as new chair

Equip Super has appointed Michael Cameron as its chair, replacing outgoing chair Danny Casey, who stepped down after six years in the position.

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