Guy Foster, head of equity capital markets in Australia for Bank of America Merrill Lynch, was red in the face. It may not have necessarily been because three asset managers at the Ownership Matters governance conference were voicing criticism of investment banks hired to sell shares for companies. “Long-term shareholders are discriminated against” in many … Read more
Ian Macfarlane is content to ignore most business reporting. The former Reserve Bank of Australia governor did, however, read the work of six or so economic reporters. “We talked to the press who had a long-standing commitment to the beat,” says Macfarlane. “Part of your job is getting your message out to the wider public.” … Read more
Winners of the iPad 2 among readers who participated in the recent Investment Magazine Audience Behaviour Survey are: Kate Aplin, CareSuper, Melbourne, Victoria Hamish Dunbar, Global Destiny, Fortitude Valley, Queensland Sheena Kay, KPMG, Melbourne, Victoria Portfolio manager, The Netherlands (this reader wishes to remain anonymous) Many thanks to all readers for your participation.
John Dawkins, who was Treasurer in the Keating Government when compulsory superannuation became law, has joined the board of the $17-billion industry fund Cbus. Dawkins, 65, has been appointed an independent director of Cbus and will attend his first board meeting on June 7, a spokesman for the fund confirmed. He replaces Bernie Fraser, the … Read more
The New South Wales Government wants to enter the annuity market by selling new capital-guaranteed debt securities, known as Waratah Annuity Bonds, to wealthy retail investors. The bonds, issued by government debt agency NSW Treasury Corporation (TCorp) to raise capital for infrastructure projects, will provide investors with monthly payments that rise with inflation. Each payment … Read more
In a building that is on the $20 bill, the latest generation of Australian venture capitalists are one floor above the pioneers, Allen & Buckeridge. Anne-Marie Birkill, Michelle Deaker and Paul Kelly are gathered in a small room in the red brick building on Sydney’s Bulletin Place that is more silicon alley than valley. Still, … Read more
Until last week I had never heard the words “greater good” come out of the mouth of someone in finance. “Doing good” was defined bizarrely by one person, who will remain nameless, as ensuring asset managers paid the least for their trades. The general partners at venture capital firm OneVentures define “the greater good” as … Read more
Nikko Asset Management, the $151-billion asset manager, remains interested in acquiring people and firms in Australia. “We’d like to grow the business any way we can,” says Blair Pickerell, the head of Asia for Nikko Asset Management. “If we see other teams that fit in and don’t conflict, we’ll pick them up.” Tyndall, the Sydney-based … Read more
In 2009 Ian Martin was put in charge of State Street custody business. The Boston-based firm wasn’t happy with the way that business was performing in Australia. Three years later in the “Balmoral” conference room at State Street’s Sydney offices on George Street, Martin and his head of sales Greg O’Sullivan can barely contain their … Read more
Superannuation funds and asset managers want advice on derivatives, investments in Asia, mergers and regulatory changes and JPMorgan has four bankers servicing such needs, says Robert Bedwell, a managing director at JPMorgan. Bedwell says his colleagues have been asked over the last 18 months about how changes in US law may affect their investments. JPMorgan … Read more
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
