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.
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.
Advice debate hots up as… Funds Open the Door to Financial Planning
Investment banks have become major direct service providers to private client and retail investor portfolios, mostly through their structured products. Yet they are conspicuous by their absence from wholesale manager menus. MICHAEL BAILEY examines whether the banks’ transactional culture can become acceptable to conservative superannuation funds, and whether they might find their biggest role in … Read more
Jenkins staff win as MFS buys in
The management’s ownership share of boutique equities manager Jenkins Investment Management has been lifted from 18 per cent to 40 per cent following the purchase of a controlling shareholding by MFS Group.
Access replenishes senior ranks with Frontier star
Frontier Investment Consulting has had its principal analyst for international private equity and fixed interest poached by Access Capital Advisers (ACA).
JANA loses up-and-comer to Macquarie
A rising star at JANA Investment Advisers has been lured to a role created by Macquarie Funds Management (MFM) head of distribution, Bruce Murphy.
Securitor planners want more time on the front line
Staffing and administration difficulties mean Securitor financial planners spend two-thirds of their time away from clients, an internal survey has found.
