David Gonski, chairman of ASX Ltd., will advise the Government on the selection of a new chairman for the $73.2 billion Future Fund. The fund is seeking a new chairman following the expected departure next year of David Murray.
Paul Keating, Kate Ellis talk super, women
Kate Ellis, minister for employment participation and childcare and the status of women, said she is happy the opposition now supports the increase in superannuation to 12 per cent. But more needs to done for women to ensure their superannuation is adequate for retirement.
Australian funds may sell into Asia in 2012
Australian funds in the second-half of 2012 may begin offering their products in Hong Kong and Singapore under a scheme agreed by government leaders at the Asia-Pacific Economic Cooperation forum this month.
Prime Super seeks alternatives, merger
Prime Super, the $1.2 billion superannuation fund for those living in rural areas, says it wants to invest more than a third of its fund in so-called alternate investments, while also holding preliminary discussions with potential merger partners.
BNP Paribas hires former State Street boss
BNP Paribas Securities Services Ltd. has hired the former managing director of State Street Corp. in Australia, Peter Baker, to develop business with fund managers.
Shorten wants “united front” on super
Bill Shorten has appealed to the superannuation industry to overcome its internal divisions and support legislation aiming to boost compulsory superannuation contributions to 12 per cent.
Super funds under pressure to pool data
Superannuation funds are facing greater pressure to aggregate data that had previously been largely fragmented, says DST Global Solutions.
Paatsch hires old colleague for new firm
Ownership Matters, the corporate governance firm co-founded by Dean Paatsch, has hired Marty Chung to police small Australian companies.
UniSuper hire to develop in-house investments
UniSuper, the $28 billion retirement fund for current and former higher education and research employees, has hired Mark Himpoo to develop an in-house investment management strategy.
Victorian Funds Management loses $1.3 bln
Victorian Funds Management Corp. lost $1.3 billion in the third quarter after falls in global stock prices.
Editors Pick #2
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