Bitcoin miners are presenting themselves as climate and ESG champions, citing the many ways they are able to support investment in renewable energy projects, reduce GHG emissions and promote social inclusion around the world. Not everyone holds the same view.
Former Sunsuper and AMP Australia boss Scott Hartley has been named as Renato Mota’s successor as CEO of Insignia Financial. Widely considered the frontrunner for the job, industry figures say Hartley’s drive and tenacity give him a shot at success in what is possibly the wealth management industry’s most difficult job.
When it comes to taking a public stance on investment or social issues, Australian Retirement Trust chair Andrew Fraser has warned super funds against waging campaigns via the press, suggesting things can get out of control very quickly. Meanwhile, Mercer Super director Sue O’Connor and Qantas Super chair John Atkin urged funds to ensure their own backyards were in order before making public claims or creeds.
More financial advisers are favouring low-cost ETFs, with nearly a third (31 per cent) of their buying volumes directed to ETFs in 2023, according to trading platform AUSIEX.
Kiwi sovereign wealth fund NZ Super is edging close to NZ$70 billion ($65 billion) in total assets, ending the calendar year with 16.03 per cent pre-tax return.
J.P. Morgan Asset Management has launched its adviser portal in the Australian market.
BlackRock has appointed Jason Collins as head of Australia, reporting to Andrew Landman who was appointed deputy head of APAC, head of Southeast Asia and Oceania, and head of APAC wealth last month.
Close to half of Australian investment professionals think AI is a bigger opportunity than the internet, according to a Natixis Investment Managers global survey.
Aware Super has reorganised its executive team, appointing HESTA chief financial officer Sally Collins as chief operating officer with an expanded remit.
Novigi has completed its acquisition of QMV Solutions, an advice, data and technology business.
The Profession of Independent Financial Advisers has launched Independent Financial Advice Week, an event designed to facilitate public access to financial advice.
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