Russell Investment Group has appointed two new business development managers to its institutional sales team, following the recent appointment of Chris Briant as director of institutional sales.
Mercer beefs up Sydney research team
Mercer Investment Consulting has appointed a new equity researcher bringing its Sydney-based manager research team to four people.
…another ex-CSAMer to spearhead Ken Griffin’s Australian push
Chicago-based alternative investment giant Citadel Group, which has made founder Ken Griffin a billionaire, has poached an Australian resources analyst to run its first discrete Australian long/short product from Hong Kong, in what the analyst says is “;the opportunity of a lifetime”;.
Senior Asgard BDM crosses over to adviser ranks
The head of Asgard’s Sydney metropolitan business development team will soon exit the St George-owned company to take an equity stake in a financial planning practice signed to the Securitor dealer group.
Advance stops flows to Boston Company
Advance Asset Management has terminated any new flows to the Boston Company, one of four managers underlying the $1.2 billion Advance International Shares Multi-Blend Fund, following the loss of six research analysts at the funds manager.
ANZ gets new custody chief, former JPMorgan WSS chief joins
ANZ Custodian Services has a new boss following Mandy Rashleigh’s transfer to another division of the bank, while former JPMorgan custody chief Tony Winwood has joined on a contract basis.
ComSuper readies admin IT systems for tender
ComSuper, the administration provider to numerous public service superannuation schemes, including the Australian Reward Investment Alliance (ARIA), has arrived at the pre-tender stage of replacing its major administration systems, collectively valued at $20 million.
BT’s planned float prompted by ‘long-term secular talent shortage’
Westpac’s decision to float 45 per cent of BT Financial Group, announced last week, reflects what the company believes is a long-term secular shortage of funds management talent.
Super funds urged to use their market power with financial planners
The vexed issue of whether financial planners charge commissions or fee for service is about revenue, not how it’s delivered, the Fund Executives Association Ltd (FEAL) national conference was told last week.
McKinnon launches multi-affiliate manager for Grant Samuel, while..
Andrew McKinnon has launched Australia’s latest multi-affiliate funds manager by starting a funds management arm for the boutique investment bank Grant Samuel.
Funds with internal teams, good governance earn more – Watson Wyatt study
Preliminary research by Watson Wyatt shows that better fund ‘governance’, where super funds employ their own investment teams and delegate well, can add 2 per cent a year to returns.
Andre Morony resurfaces at Catholic Super
Former ARIA chief investment officer, Andre Morony, has joined Catholic Super’s investment management group, the investment decision making body that includes board and staff members of the fund.
