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.
Adveq’s first investment in Australian private equity fund
Adveq, the big Swiss private equity fund of funds manager, has made its first investment in an Australian private equity fund.
Super fund ratings – what the researchers really think
The three main fund ratings agencies have combined to produce a checklist for funds which also shows how each agency differs in the way it weights the various components of a fund’s overall performance.
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.
Zurich looks for more global alliances
Zurich Financial Services has revamped its Australian equities line-up for its diversified funds and is close to signing up two global managers in exclusive arrangements for its sector funds.
Kapstream hires up, wins $130m more
Kapstream Capital, the fixed income boutique established by Kumar Palghat with support from Challenger Financial Services, will begin investing $100 million seed money on Friday and has won two commitments for a further $130 million.
Paul Fiani to return, with Integrity
The former head of Australian equities at UBS Global Asset Management, Paul Fiani, has registered Integrity Investment Management as the name for a boutique he hopes to launch in the next two months, which his UBS deputy Shawn Burns will also join.
Headhunters called in as Cbus CEO flags retirement
The chief executive of $12 billion industry fund Cbus, Sandy Grant, will retire in December and a recruitment firm has begun scanning for a replacement.
Treasury Asia starts Singapore office to lure analyst
Treasury Asia Asset Management (TAAM) has opened a Singapore office, partly as a way of enticing a former colleague of founder Peter Sartori to join the Asian equity boutique.
Credit Agricole cements Aussie presence with two new funds
The funds management arm of European banking heavyweight Credit Agricole, Credit Agricole Asset Management (CAAM), will certify its Australian presence with the launch two new funds in late June.
ipac pilots financial advice to seniors in need
ipac is piloting financial advice models for clients requiring aged care services in hospitals, nursing homes or personal residences.
