Senior JPMorgan Investor Services relationship manager, Paul Coenraads, has left to perform a similar role at his long-time client, the Auscoal superannuation fund.
Lucy to head up international auditor forum
Jeff Lucy, chairman of the Australian Securities and Investment Commission (ASIC) has been named the inaugural chairman of the freshly formed International Forum of the Independent Audit Regulators (IFIAR).
…while BT Wrap raises its pay-to-play stakes
In the wake of Asgard’s proposed rebate increases (report above), BT may also soon raise the rebates it charges managers on inflows received from its wrap platform.
Ince gets permanent top spot at CSAM
Credit Suisse Asset Management (CSAM) has abandoned its search for a new head of asset management in Australia and instead named its interim appointee, Keith Ince, to the position permanently.
Jana creates new alpha positions
Jana Investment Advisers has made two new appointments as it looks to beef up the services it offers clients.
QIC merges teams as McComish departs
QIC will merge its Australian and International implemented equity teams following the departure of head of Australian implemented equities Martin McComish.
Asgard to cull manager list with $200K-a-year preferred partner program
Asgard has acted on its wish for “fewer, deeper relationships” with funds managers, inviting 20 of them to tender for a “preferred partners program” that will ask for $200,000 up front per annum, in return for greater access to affiliated financial planners and a guaranteed slot on the Elements multi-manager funds.
Watson Wyatt to advise offshore for ipac
Ipac has appointed fellow asset consultant Watson Wyatt to advise it on global sector strategies and manager searches.
Bravura spends up to secure BoNY business in Europe
Bravura Solutions will double its staff from 270 to about 540 and have a presence in the new jurisdictions of Luxembourg, Dublin and Edinburgh following its proposed purchased of the Bank of New York (BoNY), Europe, transfer agency software business.
DSTi Saudi Arabian deal boosts Australian export of know how
The export growth of Australian investment management systems technology has been given a further boost with the deal announced last week by DST International (DSTi) to provide Saudi Arabia’s Riyadh Bank with a full suite of front, middle and backoffice systems.
SWIFTNet to test its own value
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) yesterday deployed staff to the offices of a major custodian, wrap and funds manager, as it began a so-called ‘value review’ of its SWIFTNet standards for managed fund processing.
…while BT Wrap raises its pay-to-play stakes
In the wake of Asgard’s proposed rebate increases (report above), BT may also soon raise the rebates it charges managers on inflows received from its wrap platform.
