Industry Updates

NZ Super Fund CEO resigns

After fifteen years with the Guardians of New Zealand Superannuation, the manager of the $60b NZ Super Fund, CEO Matt Whineray has advised the board that he has decided to resign and will leave at the end of the year.

AMP Advice partners with fintech Frollo

AMP Advice has partnered with fintech Frollo to provide financial advisers, mortgage brokers and their clients with access to Frollo’s Open Banking technology and money management app.

Ord Minnett pays $888k fine for share buy-back scheme

Ord Minnett has paid a penalty of $888,000 to comply with an infringement notice given by the Markets Disciplinary Panel, over a share buy-back scheme.

MLC Life appoints senior Nippon Life executive as CIO & deputy CFO

MLC Life Insurance has appointed Hiroyuki Endo as chief investment officer and deputy chief financial officer from its parent company Nippon Life Insurance.

Zenith appoints BDM

Zenith Investment Partners has appointed Peter Dening as business development manager for NSW and ACT.

OneFortyOne appoints Future Fund deputy as CEO

Future Fund deputy chief investment officer Wendy Norris has been appointed CEO of timber and forestry organisation OneFortyOne, effective from mid-June.

Perpetual appoints co-portfolio managers

Perpetual has promoted Alex Patten and James Rutledge as co-portfolio managers, with fund veteran Jack Collopy to depart after 22 years with the company.

ClearView lead Simon Swanson to retire

ClearView managing director Simon Swanson has announced he will retire, with group executive of technology and development Nadine Gooderick taking over.

Zenith to distribute FE fundinfo products in Australia

Research house Zenith Investment Partners will distribute products owned by its parent company FE fundinfo under the Zenith brand in Australia.

HESTA appoints Pitcher Partners founder to board

HESTA has appointed Pitcher Partners founder Sue Dahn as a director to its board and as chair of its investment committee.

ASIC tweaks breach reporting guidance

ASIC has released updated guidance for RG 78 on making notifications to the regulator under the reportable situations regime, otherwise known as breach reporting.

Allianz Retire+ partners with Link Group for institutional distribution

Insurance company Allianz Retire+ has partnered with fund administrator Link Group to help super funds access the former’s suite of income solutions.

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