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.
ASIC takes legal action against Vanguard for greenwashing
ASIC has taken legal action against Vanguard Investments, accusing the investment manager of allegedly misleading conduct relating to ESG claims of one of its fixed income products.
Insignia sells investment bond business to Aus Unity
Insignia Financial will sell its friendly society investment bond business, IOOF Ltd, to Australian Unity with the proceeds being utilised to further reduce net debt.
Aware Super migrates a million members to Bravura platform
Industry super fund Aware Super has moved over one million members onto a single technology platform, Bravura Sonata Alta, which included the phasing out of paper-based legacy systems.
Mercer appoints CEO of wealth portfolio
Financial services company Mercer has appointed Cathy Hales to the newly-created role of wealth Pacific CEO, responsible for the $63 billion Mercer Super Trust and super administration services arm.
MLC improves Vivo program
MLC Life Insurance is improving its Vivo program by building digital capabilities and expanding its provider network.
