Bill Moss, chairman of his eponymous firm, says large companies should reserve a small percentage of jobs for people with disabilities and indigenous Australians.
Bill Moss wants quotas for the disabled
Bill Moss, chairman of his eponymous firm, says large companies should reserve a small percentage of jobs for people with disabilities and indigenous Australians. Bill Shorten promoted to cabinet
Bill Shorten has been promoted to Cabinet as Minister for Employment and Workplace Relations but he will also retain the portfolio as the Minister for Financial Services and Superannuation.
ASX seeks to list international stocks
ASX Group may allow trading in as many as five non-Australian stocks on its own market by the second quarter next year subject to regulatory approval, says Richard Murphy, general manager of equity markets at the ASX. Chi-X may add 11 more brokers
Chi-X Australia Ltd., the market that is challenging the ASX Group, may have as many as 34 brokers to trade through it. APRA promotes Keith Chapman, Helen Rowell
The Australian Prudential Regulation Authority, regulator for most of the $1.4 trillion in superannuation assets under management, has appointed Keith Chapman as executive general manager of the diversified institutions division.
Asset managers raise alarm
Popular movements seem more likely to emanate from camped-out protesters than boardrooms, but a new organisation headed by Hermes Fund Managers acting chief executive officer Saker Nusseibeh has the ambitious aim of radically reforming the investment industry.
Mitsubishi UFJ to take 15% stake in AMP Capital
Mitsubishi UFJ Financial Group will pay $425 million for a 15 percent stake in AMP Capital that will enable Japan’s biggest publicly traded bank to take a stake in the world’s fourth-largest pension market.
Australia’s AAA status will attract foreigners
Australia is likely to retain its AAA credit rating even if the world slides into recession, bolstering the attraction of the country’s bonds among foreign investors, says UBS AG strategist Matthew Johnson.
Superannuation funds to shrink in number
Australia’s superannuation funds under management will more than double to $3.3 trillion by 2026 from $1.3 trillion but the number of funds will shrink in less than five years due in part to mergers as funds seek economies of scale, says actuaries Rice Warner. Venture capital needs Julia Gillard’s support
The Australian Private Equity and Venture Capital Association says the government’s Innovation Investment Fund should continue as it has been successful in funding new businesses such as job site Seek.com and bio-technology company Pharmaxis.
Risk insurance for funds to grow to $21.5 billion
Risk insurance for Australia’s fund management market will grow to $21.5 billion from the current $10 billion over the next 15 years as more people seek to protect their future income, says actuaries Rice Warner. 
