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.
State Street veteran exits to Macquarie
The former deputy general manager of the Sydney arm of State Street Global Markets (SSGM) has resurfaced in an executive position within the Macquarie Bank equity markets group.
Pentafin appoints Gail Burke to board
Gail Burke, former managing director for BNP Paribas Securities Services, has taken up her first directorship upon her return to Australia, becoming the new chair of financial services systems provider Pentafin.
Service promises less taxing time for platforms, custodians
The time it takes Australian managed funds to issue their end-of-year tax statements fell slightly in 2005/06, with only 6 per cent of the 638 funds on the Ausmaq hub taking longer than eight weeks, down from 14 per cent the year before.
Australian Unity goes for broad experience with new retail head
Australian Unity Investments, which recently passed the $5 billion mark in funds under management, has finally recruited a new head of retail distribution.
ACSI lifts funding for CEO role and expanded research effort
The Australian Council of Super Investors Inc (ACSI) has significantly increased its budget to allow for the employment of a full-time chief executive and new research staff.
25,000 songs count in Colonial media empire
Colonial First State Global Asset Management’s (CFS) new media fund would be valued at between $100-200 million when it launches near the end of this year, according to Geordie Manolas, head of strategy and development.
New fund secretary for NESS
The $600 million NSW Electrical Superannuation Scheme (NESS) will have a new fund secretary from May 31.
Companies start caring about Carbon Disclosure Project
Well over half the ASX 100 companies have indicated they will participate in this year’s Carbon Disclosure Project (CDP), after just 57 of them bothered to return last year’s inaugral survey.
