The industry fund-owned Members Equity Bank has a bold plan to regain the ground it lost to the big four banks during the post-GFC malaise in securitisation markets.
EquitySuper tops up with Tribeca small caps
James Savage
The mandate follows EquitySuper’s integration with the $280 million OAMPS fund. Equity Trustees acquired the management rights to the fund last November from Wesfarmers. EquitySuper was formerly known as Wealthpac.
Good and bad news as custody market tipped to pass $4t
The Australian custody market will top $4 trillion by 2025, according to a report on that part of the funds management industry by Rice Warner Actuaries. But all is not good news for the custodians.
State Street hires custody big gun to woo industry funds
Fresh from its industry-changing win with REST Super, State Street Investor Services has poached a competitor’s head of sales to become its first business development manager based in the industry fund capital of Melbourne.
AIST back in the black
The Australian Institute of Superannuation Trustees boosted its revenue and returned to an operating surplus during calendar year 2010, it was revealed at yesterday’s annual general meeting held before the start of the Conference of Major Superannuation Funds on the Gold Coast.
MLC ups the ante with group life feature
MLC Group Insurance is claiming a victory with its free non-super salary continuance offer called ‘Best Doctors’.
Liquidnet exec crosses out of Australian business
One of the co-founders of block trading specialist Liquidnet Australia has exited the business.
Hands off, Barry: NSW public sector fund ringfenced
Eric Roozendaal
A major NSW public sector fund has successfully sought amendments from Treasury to its trust deed, which will prevent its accumulation section being sold or amalgamated with any other fund, except by the passage of new legislation.
JPMorgan wins final piece of OnePath backoffice
J.P Morgan’s backoffice triumph at OnePath (nee ING Australia) is complete, with the transfer of the servicing contract for a $10 billion slice of the business being announced to stakeholders last week.
