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.
Plan for Life finds funds hit sweet spot
Actuarial and research firm Plan for Life has reported another bumper year for the Australian funds management industry with both wholesale and retail sectors growing by close to 20 per cent.
Kerry Series back for second crack at Asian boutique
Perennial Investment Partners co-founder, Kerry Series, is returning to Australia from Hong Kong to start up a new Asian boutique called DVA (deep value active) Capital.
…as Macoun looks to recreate Perennial model
Another Perennial founder, former chief executive and chief investment officer, Ian Macoun, is also starting up a new venture, which will mirror the Perennial model.
VMFC loses Jeff Rogers to IPAC
VFMC has lost another senior investment professional with the departure of head of investments, Jeff Rogers, to IPAC.
“Last hurrah of an underachiever?”: Weaven questions Chapman inquiry
Industry Funds Management chair Garry Weaven has warned that industry fund trustees will have to become politicised if Senator Grant Chapman’s parliamentary inquiry into super “turns out to have serious Government figures behind it”.
Bank Of Ireland AM cements split
Bank of Ireland Asset Management (BIAM) has continued to cement the separation of its research and portfolio management functions, filling newly created senior equity manager and senior research analyst roles.
Serhan replaces Walsh as Morningstar research boss
Morningstar’s head of research, Justin Walsh, will shortly leave the ratings agency for what is understood to be a boutique funds management role, and has been replaced by head of consulting, Anthony Serhan, with immediate effect.
Winston Sammut’s shop finds a partner
Western Pacific Asset Management (WPI) has bought a 15 per cent stake in Maxim Asset Management, the boutique founded by former Ausbil Dexia executive, Winston Sammut.
