Industry Updates

Novigi to be out source provider for Mercer’s Wollongong tech services

Specialist data and technology services provider Novigi will be the outsourcer for Mercer’s Wollongong business.

Aware Super restructures investment team

Aware Super has restructured its investment team in line with its strategy to deliver strong risk-adjusted returns for its members and manage $250 billion FUM by 2026.

Agriculture sustainability assurance program launched in Australia

Leading Harvest, a non-profit organisation founded in the US, launches its industry-leading program in Australia to implement a world-first sustainability assurance program to help harmonise sustainability reporting across crops and regions. 

Northleaf selects Equity Trustees for custody role

Private markets investment firm Northleaf Capital Partners has selected Equity Trustees as the trustee and custodian of its senior private credit fund, NSPC AUD Investor Trust.

Preliminary findings from updated SMSFs Under Advice 2022 research paper

AUSIEX has released some preliminary findings from an upcoming refresh of its 2022 research paper, SMSFs Under Advice, a comparative analysis of the profile, trading activity and holdings of advised SMSF clients.

New Quantum’s acquires Morrison Securities for $40.5 million

New Quantum Holding’s acquisition of the equities clearing business Morrison Securities is laying the foundation for its growing presence in the US, Middle East, and Asian markets.

Australian Ethical hires new CIO

Ethical investment manager Australian Ethical has made several additions to its leadership team.

Cassin rejoins bfinance as global head of investments and research

Independent investment consultancy bfinance has appointed Olivier Cassin as its global head of investments and research. Cassin was previously with the firm from 2000 to 2014. He arrives from BNY Mellon, where he was head of EMEA client solutions. In his new role, Cassin will oversee all bfinance’s global research activities, including manager selection, portfolio

CALI adds veteran policy directors to executive team

The Council of Australian Life Insurers has appointed Ben Marshan as director of policy and industry affairs and Michael Johnston as director of policy and advocacy.

Australian Ethical divests from Lendlease over koala development

Australian Ethical has sold its shares in Lendlease Group over its planned development at Mt Gilead in south-western Sydney, which could threaten the survival of one of the last remaining healthy koala colonies in NSW.   In December, Australian Ethical warned it would divest its shareholdings in Lendlease if it proceeded with Stage 2 of the

ASIC places interim stop orders on derivatives product

ASIC has made two interim stop orders preventing Interactive Brokers from issuing Stock Yield Enhancement Program (SYEP) Derivatives to retail investors because of deficiencies in the product’s Target Market Determination and Product Disclosure Statement.

First Super appoints IFM Investors to manage strategy

Industry super fund First Super has appointed investment services provider IFM Investors to manage a new indexed international equities strategy. The strategy is designed to provide exposure to a diversified portfolio of publicly-listed global companies, with an aggregate overweight to those that have demonstrated a commitment to manage labour risk effectively and prioritises companies with strong

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