IBM Australia has entered the funds management industry following the decision announced yesterday for Russell Investment Group to exit member administration.
Queensland planning group brings in the big guns
The transition from partner in large corporate accounting firms to running a relatively tiny financial planning operation has been an exciting one for Paul Bodimeade. He now heads up the medium sized financial services firm Managed Financial Strategy but the Queensland-based business has greater ambitions
MLC on commodities: maybe this time it’s different
While Australia’s fortunes have been closely linked to commodity prices over the very long term, Australian investors have been wary of commodities as an asset class – perhaps until now. MLC has issued a briefing note as to whether the latest bull market in commodities is a fad or here to stay.
Goldman Sachs JBWere Australian Infrastructure Wholesale Fund
GSJBWere launch an Australian-domiciled managed investment fund offering investors access to a portfolio of high-yielding listed infrastructure assets.
QIC launch 2 funds for wholesale investors; a multi strategy fund…
QIC Tactical Return Fund
and a diversified multi-manager, multi-strategy fund
QIC Global Macro Fund
Australia to have top bond market – Mercer’s worldwide survey
The Australian bond market is expected to outperform all others this year, according to an annual survey of investment managers conducted by Mercer Investment Consulting.
AAS poach staff to capitalise on market convergence
Australian Administration Services (AAS) has expanded its management team with the appointment of a new head of business development, chief information officer and manager of service delivery.
Life is looking up
The 12-month period ending at September last year was a happy one for the risk insurance industry, according to latest figures from actuarial and research firm Plan for Life.
InvestmentLink commissions new partner
InvestmentLink has bought 50 per cent of commissions software firm Dealer Management Systems (DMS) with the option to purchase the remaining half in 2008 and has flagged more acquisitions to come.
Perpetual brings change agent on board
Perpetual’s newest board member, Elizabeth Proust, has “demonstrated an ability to turn round organisations and to make major changes and efficiencies while delivering customer services”, according to Robert Savage, the company’s chair.
Ex FMC head turns up at Bravura
Wealth management and insurance software provider Bravura has snaffled the former managing director of rival firm FMC Software, Enda Mahoney, to head up its technology strategy.
