Bravura makes interim CEO permanent after global hunt
Bravura Solutions has appointed Andrew Russell as group CEO and managing director following an extensive global search process.
T. Rowe Price appoints APAC ESG investment specialist
Investment management firm T. Rowe Price has appointed Caroline Ramscar as an ESG investment specialist for the APAC region.
Group insurance review no longer needed: AusSuper, ART
The nation’s two largest superannuation funds, AustralianSuper and Australian Retirement Trust, say the time has passed for a sweeping review of group insurance settings, as recommended by the Productivity Commission. The comments come as newly released official figures suggest a 136 per cent increase in super-related claims complaints in FY23.
Workplace super drives Insignia fund flow turnaround
Mandates with large employers contributed $648 million in net flows to Insignia Financial’s funds under administration in the last quarter of FY23. CEO Renato Mota says 11 of the ASX 30 are clients of the wealth giant’s workplace super business, and he wants to attract more of them.
Bentham Global Income Fund added to CFS platform
The Bentham Global Income Fund has been added to the CFS First Choice platform.
Magellan appoints former Janus Henderson executive to board
Magellan Financial Group has appointed former Janus Henderson executive Andrew Formica as a non-executive director.
Pengana appoints Mercer to advise of private credit arm
Pengana Capital Group has appointed Mercer as an investment adviser on the portfolio construction of Pengana Credit, its recently launched private credit arm.
AMP CIO looks to external managers after AMP Capital sale
After two years in the role, AMP chief investment officer Anna Shelley is seizing control of the investment function after years of reliance on AMP Capital. She is investing in private markets and asset allocation expertise, while simultaneously placing more business with specialist managers.
GBST picks up Advice Intelligence
Global fintech GBST has nabbed Advice Intelligence after major investor Regal Funds Management withdrew its holding in the company.
Slipstream appoints former financial planning head as business coach
Financial planning business coaching service Slipstream Group has appointed Nina Forbes as a business coach.
VBP appoints technical lead of accounting
Virtual Business Partners has appointed Daniel Harrison as technical lead of accounting.
‘Magnificent gift’: Chalmers doubles down on nation-building super dream
Treasurer Jim Chalmers has thanked Australian Retirement Trust and QIC for their $150 million investment in social housing in Queensland, as he expanded on his vision that superannuation funds invest in “big national priorities” that can also generate returns to members. The compulsory super system is a gift to Australia’s economy, Chalmers said, adding he wouldn’t trade it with any other nation.
