HSBC’s local custody and clearing division is looking to fill the big shoes of its departing head of client management, who has spent six years at the bank and 14 before that at the Westpac sub-custody business it eventually purchased.
Asset tenders custody in defiance of merger trend
Asset Super’s decision to run a full custody tender means the $1.4 billion fund will fly solo for the foreseeable future, amid the consolidation trend in the superannuation industry.
From BlackRock Oz equity boss to 'starving student'
A 13-year veteran of BlackRock, who rose to become head of Scientific Australian Equities and then head of investment strategy, has resigned following the payment of annual bonuses.
Sales stalwart departs DST after 16 years
One of the architects of DST International’s domination of the institutional investment systems market has left the company after 16 years.
SMSF trustees forced to invest outside super
Having largely escaped the wrath of the Cooper Inquiry, the SMSF market, led by its representative body, has started to flex its muscles with a call for higher caps on superannuation contributions.
CFS GAM takes charge of $5 billion offspring
The Commonwealth Bank has confirmed the investment arm of its New Zealand subsidiary will be absorbed into the Colonial First State Global Asset Management (CFSGAM) business by July 1.
Tussle for 22 bil under custody commences
Custodians are facing off for the right to provide custody and administration to a $22 billion Australian funds manager, and for once they won’t be trying to wrest the business from one of their rivals.
UniSuper wires $300m into global tech
UniSuper has invested $300 million in a global technology mandate as an alpha-seeking play to complement its indexed exposure to large-cap equities in developed markets offshore.
Rock on: Orbis analyst to set up shop
Brett Rock, a six-year veteran of 2010’s top performing Australian equity manager, Orbis Australia, will leave to establish a “true contrarian” boutique.
