The Future Fund has appointed Gordon McKellar as its head of operations, and he will leave his equivalent position at BNP Paribas Securities Services (BNP PSS) at the end of this month.
SimCorp continues to gain share in Australia’s funds management software market, after being chosen to replace a Bloomberg/Princeton frontoffice/backoffice combination at QBE Insurance group.
The wordwide M&A boom has caused many a funds manager and many a client fund to wonder what will happen when the bubble bursts. Legg Mason Capital Management, for one, argues: ‘this time it’s different’.
Pengana Capital, which recently expanded its marketing effort with the appointment of Denis Carroll as a consultant, is looking to offer institutional investors tailored product in the alternatives space.
Local Super SA-NT has signed up consultant Jana Investment Advisers for another three year contract and appointed a new $57 million mandate to global fixed interest manager Brandywine.
Perpetual has found another market for its WealthFocus portfolio administration platform, after it received Qualified Registered Overseas Pension Scheme (QROPS) status from the UK government. .
The former head of Australian implemented equities at Queensland Investment Corporation, Martin McComish, has joined fellow QIC departees Stephen Cleugh and Julie Kincade at Charter Pacific Funds Management (CPFM).
The Future Fund has appointed Paul Mann, a former manager of fund services at National Custodian Services (NCS), as chief financial officer, while a chief operating officer has also been appointed.
The $17 billion Australian Reward Investment Alliance (ARIA) will have a new portfolio manager for property and private equity next week, following the departure of Briar Dowsett to National Australia Bank Capital.