Dean George Scook, Perth entrepreneur, and Carol Norma Hardie, former director of Southern Wine Corporation (SWC), appeared in a West Australian court last week to face charges of stealing over $1 million.
Wawn walks from MLC
Bill Wawn, MLC general manager distribution solutions, left the organisation last week less than six months after assuming a new position with the group.
Talks signal end of line for Vector
Dealer group Vector Financial Consultants is in discussions with part owner FSP Group about dissolving the Vector brand and bringing the group’s 28 advisers under the FSP banner.
Russell bulks up with two senior hires
Russell Investment Group has hired former Macquarie Bank analyst Andrew Pease in the newly created role of investment strategist reporting directly to Peter Gunning, the group’s chief investment officer.
IFSA to hook-up with not-for-profit funds
The Investment and Financial Services Association (IFSA) plans to work more closely with all members of the financial services industry, including industry funds, this year, according to IFSA chair, Richard Gilbert
Virgin Money gets new head
Virgin Money has appointed a new managing director – NRMA’s David Wakeley – to replace Rohan Gamble who left in March this year. Wakeley is currently general manager commercial at NRMA and will join Virgin in June.
IWL flips data system to Coin
IWL will begin the first stage of its planned co-operation with Coin by handing over its Visiplan data system – Visi Trusted Network – to its rival front-end software firm
Brewer in, Brooks out at T.Rowe Price
Schroder Investment Management head of distribution, Murray Brewer, will leave in a couple of months to spearhead US manager T. Rowe Price’s growth ambitions in Australia.
Wind and hot air attract super funds
The ANZ Bank’s Infrastructure Services group (ANZIS) has raised another $115 million from super funds for its Energy Infrastructure Trust, understood to include all of the funds which subscribed to its initial $51.5 million raising in 2003.
Fit for business: Collins trains for the long run
Every career is a marathon and Troy Collins’ early training as a triathlete has probably prepared him well for financial planning. Collins describes what it’s like to be a second-generation planner and how to keep a family business running.
Future Fund mandate sets scene for long-term play
The Future Fund, given its ‘investment mandate’ last week and a promise of an initial $18 billion in cash to invest, appears to have both the flexibility and fire power to achieve the target 4.5-5.5 per cent real return requested by the Government over the next 20 years.
Macquarie Newton Multi-Strategy Fund
Macquarie’s new capital protected fund offers a blended mix of six alternative investments in the Asia Pacific region.
