The former head of investment lending at Colonial Geared Investments, understood to have been let go by Commonwealth Bank as its involvement with Storm Financial unravelled, has been made head of retail distribution at Wellington Management Company.
Ibbotson set to farewell BOC, but retains REI Super
The implemented consulting arm of Ibbotson Associates in Australia is understood to have lost a super fund clients to a rival provider, however not two as was implied by an earlier version of this story.
JANA hires Access departee as direct investments consultant
JANA Investment Advisers has increased its team of consultants covering alternative assets to 16, following the hire of a direct investments specialist from Access Capital Advisers.
IFSA transformation 'not a membership drive'
The Financial Services Council (FSC), formerly IFSA, said it consulted other industry associations before expanding its mandate last week to engage more actively on economic policy, and that the move was not a grab for more members.
IE Group's bright spot in collapse of backer Sonray
IE Group, the boutique cash manager, will need to find a new 25 per cent owner after Sonray Capital entered administration last week, however it claims the broker’s collapse has proved its operating model protects investors’ assets.
Colonial's Storm fall guy finds Wellington harbour
The former head of investment lending at Colonial Geared Investments, understood to have been let go by Commonwealth Bank as its involvement with Storm Financial unravelled, has been made head of retail distribution at Wellington Management Company.
RMB appreciation could cut both ways for super funds
The policy shift of the Chinese Government to un-peg the renminbi against the greenback is likely to have a short-term boost for Australian commodities, given the consensus view that the currency will be managed up slightly over the next few months.
AMP/AXA KiwiSaver concentration ruled OK
A merged AMP/AXA would not unfairly distort New Zealand’s rapidly growing KiwiSaver market, the country’s competition regulator ruled yesterday, despite the fact both providers enjoyed default scheme status.
Sunsuper pulls private equity manager over the fence
Sunsuper, the $13 billion multi-industry fund, has hired an unlisted assets analyst from the investment team of a private equity manager, still seeks a macro strategist, and has called in an admin consultant to look at its investment information systems. Ex-Towers Watson unlisted assets chief is back
The former head of private markets at Towers Watson, Sandi Orleow, has resurfaced in the industry almost a year after leaving the asset consultancy.
Leggo flies high to Telstra Super
David Leggo, the former long-standing chair of the Australian Government’s AvSuper, is to be the new independent chair of Telstra Super.
AMP Capital Investors boosts Asian equities team
AMP Capital Investors’ focus on Asian equities as a source for external clients has strengthened, with the addition of a senior analyst from the sell-side to Karma Wilson’s team.
