Third-party administrator Mainstream BPO, which yesterday celebrated its first birthday, is looking to enter the super member administration market and may announce its first deal as early as next month.
After 21 years, State Street and MLC part ways – NAB finally has a laugh
Australia’s largest and longest-standing custody relationship, a relationship which launched the concept of master custody in Australia, has finally, belatedly, come to an end. State Street and MLC have parted ways.
BHP Billiton's Ian Wood keynote at ACSI conference
Registrations for the Australian Council of Superannuation Investors (ACSI) annual conference to be held on June 15, 2007 have already exceeded last year’s record of 220.
Vietnam prepares for turbulent growth as China's insurance titans take on local fundies: Cerulli
A series of major listings, tipped to raise at least $US1 billion each, are expected to double the market capitalisations of major Vietnamese exchanges this year as the country’s mutual fund industry braces for further volatility and expansion, Cerulli Associates (CA) has reported.
New Allco m.d. makes serious move on institutional market
Allco Finance Group will today signal its intentions to expand in institutional funds management when new managing director, David Clarke, backgrounds investors on an upcoming wholesale alternative fund.
Quasi-compulsion to open KiwiSaver floodgates
New Zealand took a step closer to compulsory superannuation last week with a budget measure that is expected to significantly improve take-up of the country’s impending workplace savings scheme KiwiSaver.
AIRA seminar to probe electronic future
The Parliamentary Secretary to the Treasurer, Chris Pearce, will discuss proposed amendments to the corporations act at a Melbourne seminar hosted by the Australasian Investor Relations Association on June 1.
Russell loses another senior BDM
Russell Investment Group has lost another senior business development manager, hot on the heels of James Panaretos leaving last month to head institutional sales at Mariner Financial Services.
ING manager research team gets own ASIC licence
The ING Advice manager research team lead by Margaret Callinan is being spun off into a separately-licenced company, Financial Facts, which will attempt to sell its services to non-ING dealer groups.
Simon Shields to replace Paul Fiani at UBS
The head of Australian equities at Colonial First State Global Asset Management (CFS GAM), Simon Shields, will leave the manager once his contract expires on June 30, 2007, and replace Paul Fiani in the equivalent spot at UBS Global Asset Management from July 1.
HFA recruits new analysts as Lighthouse acquistion proceeds
HFA Asset Management has hired two new investment analysts while its takeover of an American funds of hedge funds manager, Lighthouse Partners (LP), gathers momentum.
FPA steps up to charity plate
The Financial Planning Association (FPA) is taking part in establishing a charitable foundation aiming to assist people in fiscal hardship.
