Russell Investments has dramatically reversed its 2006 decision to outsource administration of its 220,000 super member accounts to IBM.
RBC Dexia's Bonhote opts for tree-change
Michael Bonhote
One down, one to go for NAB in Queensland
NAB Asset Servicing faces its second big Queensland tender decision within a month now, following its appointment as QSuper’s first master custodian.
IE Group names panel banks for super cash service
The four major banks, as well as the super funds-owned ME Bank and fund manager Goldman Sachs JBWere’s cash trust, have been appointed to the initial panel of the investment efficiency management firm IE Group.
Aust Unity hires new insto sales head from rival manager
Australian Unity Investments (AUI) has recruited from a competing boutique manager, Bennelong Funds Management, for its new head of institutional sales.
Giant corporate fund gets first CIO
The $6 billion Officers Superannuation Fund for Commonwealth Bank employees has appointed its first chief investment officer, as chairperson Neal Cochrane continues his search for an inaugral chief executive officer at the 64,000-member fund.
One in five Aussies can’t name their super fund
Only around 16 per cent of Australians are actively involved in the management of their super, and more than one in five can’t even name a super fund of which they’re a member, according to national research commissioned by GESB, the WA public sector fund.
One in five Aussies can't name their super fund
Only around 16 per cent of Australians are actively involved in the management of their super, and more than one in five can’t even name a super fund of which they’re a member, according to national research commissioned by GESB, the WA public sector fund.
Colonial First State GAM set for Kiwi injection
First it was Crowded House, then Russell Crowe, now NZ$5 billion could be headed over the Tasman as the investment arm of the Auckland Savings Bank is wound down, at the behest of its owner, Commonwealth Bank of Australia (CBA).
New master for State Super Financial Services' $8bn
State Super Financial Services, which advises on $8.3 billion predominantly on behalf of retired NSW public servants, has drawn from the senior ranks of an asset consultant for its new chief investment officer.
