Industry Updates

Former RBA deputy governor amongst ART board and investment committee appointments

The Australian Retirement Trust (ART) has appointed several prominent Australian leaders to its board of directors and investment committee, including the former deputy governor of the RBA. The three appointments bring vast experience from leadership positions in global financial services, investments, and governance roles: Mark Burgess will join the ART board as a director after

ASIC launches first court action against alleged greenwashing

ASIC has launched its first court action against alleged greenwashing conduct, commencing civil penalty proceedings in the Federal Court against Mercer Superannuation for allegedly making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. In a media release on Tuesday morning, ASIC alleged Mercer made statements on its website about

FYG Planners launch WealthEye CRM

Financial planning dealer group FYG Planners have launched a WealthEye CRM solution built on the Dynamics 365 platform.

Metrics appoints external relations director

Metrics Credit Partners has appointed Kivanch Mehmet as external relations director as investors’ interest in private debt continues to rise.

HUB24 regains top platform spot: Investment Trends

Investment Trends has released its 2022 Platform Benchmarking and Competitive Analysis Report, which has seen HUB24 regain top spot over Netwealth.

Andrea Slattery awarded SMSF Association life membership

Co-founder and inaugural SMSF Association managing director Andrea Slattery has been the first to be awarded life membership by the association.

ClearView divesting managed investments business

ClearView will take a 40 per cent strategic stake in investment technology firm Human Financial in exchange for the former’s managed investment business.

AXA IM aligns compensation of senior executives to its ESG ambitions

As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM) is now including ESG targets in the remuneration of its senior executives.

Yarra Capital Management appoints Apex Group by for $100 million fund

Yarra Capital Management has appointed Apex Group to support the Yarra Private Capital Discovery Fund.

AXA IM makes investment advisory committee appointments

AXA Investment Managers has appointed Olivier Blanchard, Nigel Topping, Marie-Christine Korniloff, and Nicolas Loz De Coetgourhang to the advisory committee of its Investment Institute as independent members. They will provide expertise and insights on various topics, including macro-economics, climate change, biodiversity, and natural resources. Blanchard is an emeritus professor of economics at the Massachusetts Institute

BetaShares reduces ASX 200 ETF fee

Fund manager BetaShares is reducing the management fee on its Australia 200 ETF (A200) from 0.07 per cent per annum to 0.04 per cent per annum. This comes two days after BlackRock reduced the fees for two of its ETFs, including its ASX 200 tracker. The fee reduction on the A200 means investors can now access a

Adviser Ratings appoints chief data officer

Adviser Ratings has promoted chief operating officer Chris Williams to the role of chief data officer. In an update on LinkedIn, the researcher said Williams’ move will help them continue to leverage the power of data to drive growth, innovation, and value for customers, particularly with the growth of their Future Flow Intention research. Replacing

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