Skandia Australia will formally disband its investment consulting relationship with Mercer at the close of the financial year.
Local bows out of Future Fund custody contention
NAB Custodian Services, Australia’s largest custodian, is out of the running for the prestigious Future Fund contract, leaving only overseas-owned custody groups in the race.
NAB Custody restructure creates four director roles
NAB Custodian Services has been restructured with the establishment of four positions of ‘director’ under recently appointed general manager, John Treloar.
Vale David Taplin – an entrepreneurial consultant
David Taplin, the first specialist custody and backoffice administration consultant in Australia, has died after a long illness.
Liquidnet to extend global model to Australia
Institutional electronic broker Liquidnet is applying for a license from ASIC, and hopes to be up and running in Australia by the third quarter this year.
Thomas Murray hires first Australian-based exec
Thomas Murray, the UK-based custody risk rating and advisory company which has gained instant fame in Australia through its work on the Future Fund backoffice tender, has hired a business manager for a new Melbourne office.
Boutique can’t get enough Garradin gear
Boutique funds manager Parker Asset Management yesterday confirmed it would take up Garradin investment administration modelling and compliance software, replacing modules provided by Financial Simplicity.
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.
