Protesters who have slept outside the Reserve Bank of Australia building on Sydney’s Martin Place since October 15 haven’t critiqued superannuation but some say it has “undermined social welfare”, says a spokesman for the protesters, Ben Peterson.
Wall Street will pressure regulators, says NYU Professor Viral Acharya
Wall Street is likely to exploit differences among national regulators to weaken oversight of their business as governments struggle with anaemic growth and rising unemployment, says Viral Acharya, a professor at New York University’s Stern School of Business.
Fidessa opens Sydney office, seeks to hire more staff
Fidessa, the London-based liquidity aggregator, has opened a Sydney office and has 15 people working in Grosvenor Tower on George Street.
Australia’s best fund managers named
Fund rating firm Standard & Poor’s, in association with Professional Planner magazine, has named the best fund managers in Australia for 2011.
Morale up, turnover down in custody industry because of courses, says Financial Education, BNP Paribas
One hundred and seventeen people have graduated from custodian courses run by Financial Education Professionals Ltd., helping to cut staff turnover and bolster morale at the custody departments of banks, says Anusha Srinivasan-Ayer, chief executive of Financial Education.
BT Investment Management CEO Gonzalez: no plans to cut jobs
There are no plans by BT Investment Management Ltd. to cut jobs, says chief executive Emilio Gonzalez.
Omgeo: Perspectives on Middle Office Operations
Investment Magazine recently hosted a round table conference on the perspectives on middle office operations, presented by Omgeo. In this video, Perennial Investment Partners, SSgA, VFMC and Omgeo discuss the evolving role of the middle office in Australia.
StatewideSuper plans to complete merger with Local Super by June 2012
StatewideSuper, the $2.4 billion South Australian superannuation fund, will complete its merger with $1.7 billion Local Super by June 2012, says StatewideSuper chief executive John O’Flaherty.
US manager Artisan plots Australian sales office
Artisan Partners, the Milwaukee-based manager of $63.7 billion in U.S., emerging market and global equities, is poised to enter the Australian market, say people familiar with the matter.
AustralianSuper puts administration fees on ice
AustralianSuper has frozen the weekly $1.50 administration fee it charges members for the next three years, after boosting it by 50 per cent in 2009.
Maple-Brown Abbott acquires funds from Advance
Maple-Brown Abbott Ltd. has acquired the management rights of two funds from Advance Asset Management Ltd. The purchase price was not disclosed.
Ibbotson hired by Sunsuper for investment advice
Ibbotson Associates Australia will provide investment advice on dynamic asset allocation to the $18 billion superannuation fund Sunsuper.
