The $4.3 billion Equipsuper has appointed the deputy country head of UBS Global Asset Management (UBS GAM) as its new CEO, but the funds manager won’t immediately replace the role.
Paragem to launch AFSL for funds
Paragem Partners is launching an AFSL service specifically for super funds to enable them to offer financial advice to fund members. BOC Gases consulting tender at pointy end
The $450 million BOC Gases Superannuation Fund is close to finalising its implemented consulting tender.
How super funds can help capital markets functionality
The Paul Woolley Centre for Capital Market Dysfunctionality will be holding a workshop at University of Technology Sydney next month presenting some new investment research.
Russell veteran calls it a day amid consulting revamp…
Russell’s director of investment consulting in Australia, Jim Franks, will retire this month as the company aims to fill three new positions to further streamline its consulting business.
Liddy details new venture to put lazy cash and FX to work
Patrick Liddy, the former director of sales and marketing at National Asset Servicing, has announced the formation of his new business – Implementation Efficiency Group – with seed funding from one of its shareholders. …as company goes for global alternatives reach
Nicole Connolly’s appointment to Russell Investments is part of a global effort by the company to deepen its alternatives consulting capabilities.
Unilever’s super fund outsources to major industry fund
The Australian arm of Unilever will outsource the management of its $250 million staff superannuation scheme to a major industry fund in April.
Vanguard recruits from head office for MD role
Vanguard Investments has appointed a new managing director for the role that the company’s Australian business founder and chairman, Jeremy Duffield, has been filling since late last year.
Wilshire walkout: Australia’s most popular private equity manager in turmoil
Wilshire Associates, the private markets consultant which also manages $3 billion locally in Australian and offshore private equity funds-of-funds, was rocked last week by several simultaneous resignations, including that of the founder of its Australian business.
Wilshire walkout: Australia's most popular private equity manager in turmoil
Wilshire Associates, the private markets consultant which also manages $3 billion locally in Australian and offshore private equity funds-of-funds, was rocked last week by several simultaneous resignations, including that of the founder of its Australian business.
Keeping the bastards honest
In an era when everyone hates banks more than ever, ME Bank is looking to capitalise on its heritage and ownership to build its position over the next couple of years. It may even be “keeping the bastards honest”, as the inimitable Don Chipp said in the lead-up to the 1980 Federal election.
Let’s face it: ME [Members Equity] is still a bank. But one of the good things about this bank is that it has a new chief executive who is committed to delivering the sort of services wanted by the members of the 35 industry funds which own it. ME Bank began, in 1994, as Super Members Home Loans, then half-owned by the then National Mutual (now AXA). It’s now being run, since last month, by a 21-yearveteran of another successful boutique bank, Bendigo and Adelaide Bank – Jamie McPhee.
