Industry Updates

Ponzi scheme director pleads guilty

Former Courtenay House director Tony Iervasi has pleaded guilty to five criminal charges regarding operation of a $180 million Ponzi scheme.

State Street reappointed by Rest to provide custodial services

State Street Corporation has been reappointed by industry fund for retail workers, Rest, to provide custodial services.

Capital Group appoints new Head of Fixed Income Business Development for Europe and Asia

Capital Group has appointed Scott Steele as head of fixed income business development for Europe and Asia.

Kaplan Professional and BlackRock launch industry-first ETF short course

Kaplan Professional and BlackRock have launched an industry-first ETF short course.

FPA/AFA merger vote to be conducted next February

Voting on the merger between the Financial Planning Association and the Association of Financial Advisers has been confirmed for February 2023.

Westpac results offer no update on Panorama sale

The much-anticipated next destination for BT Panorama will continue to remain a mystery with Westpac’s full year results offering no update on the sale of the platform business.

Members of the life insurance industry back a new peak body

Members of the Australian life insurance industry have backed the new peak body, the Council of Australian Life Insurers (CALI).

ISPT, HESTA & UniSuper co-invest into $600m UNSW Health Translation Hub

Property fund manager ISPT, super funds HESTA and UniSuper, and infrastructure investor and developer Plenary have partnered with the University of New South Wales (UNSW) to develop a $600 million Health Translation Hub (HTH) at Randwick’s health innovation precinct.

Apostle Funds Management appoints new partner

Apostle Funds Management (AFM) has appointed Luke Donovan as partner, global carbon markets.

APRA places further licence conditions on Insignia super trustees

APRA has imposed additional license conditions on several Insignia Financial superannuation trustees.

Perpetual knocks back surprise proposal amid Pendal deal

Perpetual has knocked back a non-binding acquisition proposal offer from Regal Partners and BPEA EQT Fund.

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