Industry Updates

EQT adds Future Super; announces board changes

The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.

Spark Financial makes several personnel changes

National dealer group Spark Financial has appointed Damien Kirby and Tennille Catchpole as advice and compliance coaches.

AMP announces re-shaped executive line-up

Matt Lawler and Edwina Maloney will be part of the AMP executive team, along with a future head of superannuation and investments, as part of the executive re-shuffle that included the departure of wealth CEO Scott Hartley. The organisation announced the departure Hartley in May because of a move to a flattened corporate structure due

MLC Life appoints head of group pricing

MLC Life Insurance has appointed Brett Pickett as head of group pricing with a focus on securing major partners in the superannuation sphere. Pickett has more than 20 years’ experience in insurance and economics, including as head of TAL’s group risk finance team and most recently leading TAL Australia’s strategic capital and commercial solutions. Brett

Iress appoints group CFO

Iress has appointed Cameron Williamson as group chief financial officer. His appointment follows a thorough candidate search and evaluation process following the appointment of previous CFO John Harris to the role of CEO of the portfolio division in April. Williamson has over 25 years of experience leading finance operations in Australia and around the world.

Qualitas makes two senior appointments

Alternative real estate investment manager Qualitas has appointed David Porter and Tom Keenan as head of institutional capital and as head of international wholesale capital, respectively. Porter, who joined Qualitas from BlackRock Australia, has 25 years’’ experience and will build and maintain relationships with institutional clients across Australia and the world, with a focus on

InvestSense appoints distribution executive amid surging growth

Portfolio construction consultant InvestSense has appointed John Nicoll as distribution executive. Nicoll has over 22 years of experience in financial services. He was previously the national head of sales at research house Zenith Investment Partners. InvestSense’s assets under management recently surpassed $2 billion.

Clearview hit with DDO stop order

ASIC has issued an interim stop order on the Clearview ClearChoice Income Protection Cover and Accidental Income Protection Cover, relating to two underlying products.

CQU students complete Term 1 with Midwinter software

Midwinter Financial Services has announced that CQUniversity Australia’s financial planning students have completed Term 1 using its financial planning software. Midwinter partnered with CQUniversity in March to provide the software to students undertaking financial planning units. With this partnership, Midwinter supports CQUniversity with access to the technology students will use once they enter the workforce,

Hostplus injects $100 million into innovation fund

Industry super fund Hostplus has injected a further $100 million into the IP Group Hostplus Innovation Fund, having already contributed $210 million.

Firetrail executive joins RIAA panel

Firetrail head of investment strategy Anthony Doyle has joined the certification assessment panel of Responsible Investment Association Australasia.

APRA finalises standard on operational risk

The Australian Prudential Regulation Authority (APRA) has finalised a new prudential standard to ensure banks, insurers and superannuation trustees better manage operational risks and respond to business disruptions.

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