Aberdeen Asset Management will not retain any of Deutsche Asset Management’s (DeAM) five-person large cap Australian equities team under Stuart Jordan, who along with head of institutional business Ken Licence has taken a redundancy, according to information gleaned from researchers.
Westpac to loosen chains for some tied planners
Westpac has selected 12 of its planners to pilot a financial planning ‘development program’ designed to retain advisers in a tight employment market.
Magellan lures senior Ausbil Dexia analyst
Magellan Financial Group has recruited a senior analyst from Ausbil Dexia to help build a financial services fund.
Northern Trust tipped for Future Fund contract
Northern Trust has emerged as the frontrunner to win the coveted custody contract for the Future Fund.
ITG expands Australian presence
Broker and trade execution provider Investment Technology Group (ITG) is ramping up its Australian presence and plans to appoint a local head of business for Australia over the next month.
BNP Paribas replaces Future Fund departee
BNP Paribas Securities Services (BNP PSS) has filled the co-head of operations vacancy created by Gordon Mackellar’s recent move to run operations at the Future Fund.
Credit Suisse sets ambitious targets after raiding ING, Schroders
Credit Suisse Asset Management has ambitious plans for the region, including Australia, and the recruitment of ING Investment Management’s small-cap team, and a new head of equities, marks the start of the rebuild, according to Keith Ince.
Retail/wholesale worlds collide at BGI
Barclays Global Investors (BGI) has merged its retail and institutional sales teams into a single unit.
New sales hand joins MLC Implemented Consulting
MLC Implemented Consulting has hired a senior business development manager.
Mellon finds local investor for Oz long short fund
Mellon Capital Management has found its first Australian investor for its 200/100 long short Australian equity quantitative fund with Australian Wealth Management’s United Funds Management allocating $50 million to the capability.
We trained the street’: ING boss laments another small cap walkout
ING Investment Management (ING IM) will not change its preference for avoiding “;bidding wars”; for talent, despite losing its entire small cap team to Credit Suisse Asset Management (CSAM) last week.
Licence, Stuart Jordan among DeAM’s Aberdeen casualties
Aberdeen Asset Management will not retain any of Deutsche Asset Management’s (DeAM) five-person large cap Australian equities team under Stuart Jordan, who along with head of institutional business Ken Licence has taken a redundancy, according to information gleaned from researchers.
