Stephen Bramley joins Treasury Group

Stephen Bramley, the former head of institutional sales at Mercer in Australia, has joined boutique fund manager-backer Treasury Group as director of distribution. Andrew McGill. Treasury’s chief executive, says Bramley’s appointment has heralded a reorganisation in Treasury Group’s sales team. Peter Walsh, formerly head of retail distribution, has been appointed a director of distribution and … Read more

Brian Henderson to leave Perpetual

Brian Henderson, the executive in charge of marketing and communications at Perpetual will leave the $23-billion asset manager. Henderson, a Canadian, will return to his homeland, possibly to Toronto, for “family reasons,” according to a Perpetual spokesman. He joined Perpetual in June 2011 and is responsible for developing marketing and advertising. “He will be still … Read more

Balmain Funds seek $500 million from super

“Balmain boys don’t cry,” former New South Wales Premier Neville Wran once famously remarked. Commercial real-estate-debt manager Balmain Funds, which started in the inner-west Sydney suburb in 1979, is not tearfully pleading for $500 million from superannuation funds. Its planned five-year closed-end fund will lend money to industrial, retail and commercial property investor and developers … Read more

AMP CEO: 2008 changed asset management

Craig Dunn, AMP’s chief executive, says the 2008 global financial crisis has perhaps changed asset managers’ relationships with their customers forever. “People are less trusting than they once were,” says Dunn, 48. “There is a lot of focus on liquidity.” Dunn, who became chief executive officer in January 2008, says now consumers of financial products … Read more

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

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