For the first time in 20 years, Westscheme is taking out a sizable marketing campaign, using radio jingles to alert members to upcoming mailouts.
ING IM hopes to lure talent with ‘deputy CEO’ search
ING Investment Management has responded to a hot financial services jobs market by appending the title ‘deputy CEO’ to a new senior sales role it is attempting to fill.
Marcus Fanning in the frame to run Colonial Aussie equities
The former head of Australian equities at BT, Marcus Fanning, has been approached by Colonial First State Global Asset Management (CFS GAM) to fill the vacancy left by Simon Shields.
Trustee and fund staffer get $10,000 a piece for study
The winners of the inaugural Tyndall/Australian Institute of Superannuation Trustees (AIST) educational scholarships are Robert Fowler, head of investments at HESTA Super Fund, and Robin Jervis-Read, an employer director of Equipsuper.
Equities focus in the midst of the US housing downturn: Russell
The economic and financial environment still favours equities, according to Russell’s July Market Barometer report which also found that the US housing downturn is not over yet, and the bond sell-off is unlikely to be sustained in the wake of the US sub-prime mortgage upheaval.
…while, Absolute Capital lists among two redemption-halting funds underlying NZ credit issuer
Two structured credit funds included in PINs Securities NZ (PINS NZ) portfolios have temporarily halted redemptions.
NGS Super’s defensive move to absolute return funds
NGS Super will trim its exposure to Australian equities and reallocate assets to absolute return funds.
Invesco loses more analysts, more money
A senior equity analyst has left Invesco, as its funds under management in large cap Australian equities dwindles to $120 million.
Future Fund’s executive recruitment spree
The Future Fund’s new chief investment officer, David Neal, has revealed for the first time plans to recruit four to six investment executives in the key areas of portfolio construction, the hunt for alpha, and private markets.
SuperRatings’ new data hub interacts directly with funds
SuperRatings will launch its new research centre next week, a data hub between the 300-plus products and funds it reports on and its own research capabilities.
IRESS links front-end to automated insurance application
The recently launched multi-insurer application software, AppCentral, is connected to the Xplan front-end and will be connected into VisiPlan by the end of the year.
BNP personnel pain eased by big NZ win
BNP Paribas Securities Services (BNP PSS) bade farewell to its head of transition management last Friday, but good news came in the form of a master custody contract for a $1.2 billion NZ client.
