Rob Adams to head Henderson in Australia

Rob Adams, who for eight years was the Challenger Funds Management chief executive, has been hired by the London-based $103-billion asset manager Henderson Global Investors to head its business in Australia. “It has been part of our strategy to grow our global presence by building out into this key market,” says Henderson CEO Andrew Formica, … Read more

BlackRock hires Justin Arter as Australian chief

BlackRock Australia has hired Justin Arter as its country head. Arter replaces Damien Frawley, who joins Brisbane-based Queensland Investment Corporation on July 1. Arter announced on May 18 his departure after two and-a-half years as chief executive of Victorian Funds Management Corporation. He did not specify what company he was going to work.for. Arter also … Read more

BlackRock hires Justin Arter as Australian chief

BlackRock Australia has hired Justin Arter as its country head. Arter replaces Damien Frawley, who joins Brisbane-based Queensland Investment Corporation on July 1. Arter announced on May 18 his departure after two and-a-half years as chief executive of Victorian Funds Management Corporation. He did not specify what company he was going to work.for. Arter also … Read more

Super funds concerned about tax reporting

Superannuation funds are concerned about product compliance around new demands on pre and post-tax reporting of performance, says the chief executive of DST Global Solutions, which provides software for asset managers. “We anticipate a lot of changes around tax reporting,” says Tom Abraham. “There will be a whole industry around tax minimisation that will come out.” … Read more

SWFs need customisation and engagement

Broadly speaking, there are three kinds of sovereign wealth funds (SWFs): natural resource funds such as those of Abu Dhabi and Kuwait, foreign reserve funds such as China’s and Singapore’s, and pension reserve funds, such as those we have in Australia and New Zealand. In view of the rapid growth of SWFs, it is important … Read more

Solar flair:
the rise of Sunsuper

In late 2005, Sunsuper trustee Peter Annand spoke frankly with the fund’s new chief investment officer. “He said the fund is $6.5 billion and growing and that we have to set up some delegations,” recalls David Hartley, who has been Sunsuper’s CIO for more than six years now. “At the time, every investment decision was … Read more

AMP Capital to acquire schools

AMP Capital will acquire $232 million of infrastructure assets that include six new schools in Adelaide. The South Australian Schools Public Private Partnership is to be purchased by AMP Capital’s Community Infrastructure Fund and Core Infrastructure Fund plus other investors from Land Lease and Commonwealth Bank of Australia. The schools include primary, middle, secondary, special … Read more

NAB’s Watson says local strength attracts clients

Leigh Watson, executive general manager for asset servicing at National Australia Bank, is filling a page with doodles with his employer at the centre. Watson, head down, drawing neat boxes on the paper in front of him, rejects suggestions Australia’s biggest custodian is losing its grip on its customers following decisions by QSuper and SunSuper … Read more

Rugby helps PacWealth land $1.1-billion mandate

In 2009 Adam Hill was in Papua New Guinea, working in a Port Moresby accountancy office by day and coaching rugby union by night. Then the country’s national team the Pukpuks, or crocodiles, called. They didn’t want a coach. The Pukpuks wanted Hill, who had played more than 100 first-grade games for Sydney rugby club … Read more

Super funds concerned about tax reporting

Superannuation funds are concerned about product compliance around new demands on pre and post-tax reporting of performance, says the chief executive of  DST Global Solutions, which provides software for asset managers. “We anticipate a lot of changes around tax reporting,” says Tom Abraham. “There will be a whole industry around tax minimisation that will come … Read more

NAB’s Presima seeks new chief

Nick Basile is on the hunt for a replacement. The acting-chief executive of real-estate investor Presima is travelling outside Australia seeking a replacement, says a statement by Presima’s controlling shareholder National Australia Bank. Basile is a director of various units of the bank and a non-executive director of a number of National Australia Bank affiliates. … Read more

PNG gives PacWealth $1.1 billion

PacWealth Capital, a Port Moresby-based investment management and advisory firm, has been given a $1.1 billion mandate by Papua New Guinea’s National Superannuation Fund. “The mandate is evidence of the evolution of financial services in PNG that is being driven by wealth creation in a range of industries including mining,” says Ian Jenkins, PacWealth’s chief … Read more