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.
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.
Magellan to launch four specialist global funds
Magellan Financial Group plans to launch four new global funds to be managed from Sydney, for the institutional as well as retail market, following the success of its $350 million listed investment company (LIC).
… as NZ Super’s links operations with corporate services
The New Zealand Superannuation Fund has appointed a chief operating officer, effectively joining up the previously separate investment operations and corporate services divisions.
Government forum hears complaints about ‘sales versus advice’ proposal
The Government held a forum of various funds management groups yesterday to discuss opposition to its controversial proposal to split financial services licences between advice and product sales.
S&P moves to bulk ratings for fixed interest managers
Standard & Poor’s has reviewed 30 Australian-based fixed interest managers and, for the first time, given them simultaneous ratings.
Vanguard looks to export its emulation fund concept
Vanguard Investments is looking at extending its emulation-style centralised portfolio capabilities to the US and Europe based on the success of the Australian experience, according to Nelson Wicas, principal of Vanguard’s asset allocation in the US.
Future Fund to learn from NZ Super mistakes
The Future Fund will not make the same mistakes as the NZ Superannuation fund, according to Paul Costello, Future Fund general manager, and former chief executive of the NZ fund.
