Industry Updates

Foresters Financial adds veteran super CIO

Financial services company Foresters Financial has appointed Michael McQueen as chief investment officer.

Hostplus surges to $100 billion in FUM

Hostplus has passed $100 billion in funds under management, which has been driven by mergers and strong member growth in its personal division.

Cbus Super and EISS Super complete merger

Cbus Super has merged with EISS Super on Monday, following extensive due diligence and planning, welcoming 17,000 new members.

BlackRock appoints client business head

BlackRock Australia has appointed Jonathan Jenkins as head of client business in Victoria, Tasmania, South Australia, and Western Australia. 

MLC Life Insurance appoints general manager

MLC Life Insurance has appointed Craig Dainton as general manager of customer and adviser operations.

GSFM & AEP launch film and television fund

GSFM has partnered with Australian Entertainment Partners to launch the AEP Screen Fund, which will invest in film and television projects made in Australia. 

Invest Blue and Lumiant pair up for $2m digital platform partnership

Financial advice firm Invest Blue has partnered with software company Lumiant to build a cloud-based digital advice platform that aims to boost client engagement, satisfaction, and well-being.

ASIC sues HCF Life for pre-existing condition contracts

ASIC has commenced civil proceedings in the Federal Court alleging three types of insurance policies issued by HCF Life Insurance Company contain unfair contract terms and could mislead the public.

Morningstar managing director to depart

Morningstar Australia and New Zealand managing director Jamie Wickham will leave Morningstar at the end of this month.

Rest sells stake in Endeavour Energy

Profit-to-member superannuation fund Rest has agreed to sell its 12.6 per cent stake in Endeavour Energy to a fund managed by Macquarie Asset Management.

State Street launches global carbon asset servicing solution

State Street Corporation has launched the Carbon Asset Servicing Solution, which will allow asset managers, asset owners, and other financial services institutions around the world to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow. 

BT’s Private Portfolio Management business to transition to Mercer

Mercer has entered into an agreement with Westpac Group to transition BT’s Private Portfolio Management business to Mercer, which will occur in Q4 this year.

Previous Next