Patrick Liddy has left NAB Asset Servicing where he has worked as head of sales and marketing, apart from a short spell in transition management, for most of the past 14 years.
ING taps Taiwan for new CEO
ING Investment Management Asia/Pacific has appointed Steven Billiet as chief executive, replacing David McClatchy who leaves at the end of the month.
NabInvest poaches multimanager executive
Nick Basile has lured an old Legal & General colleague, who most recently headed investment services for a big multimanager, to join his investment team at nabInvest.
Coke is it, says AXA Framlington
2010 will be more of an alpha market than a beta one, with active managers looking for stocks that can deliver 10-15 per cent rather than 50-60 per cent, according to London-based Mark Tinker, lead fund manager of global equities at AXA Framlington.
Infrastructure in India: TATA Group’s Australian offering
The 100-year-old TATA Group of India, the big conglomerate controlled by charitable trusts, has launched an infrastructure fund to complement its real estate fund, which has raised US$750 million, including some from Australia. Wavestone wanted one, hires two analysts
Wavestone Capital, the Australian equity long/short boutique founded by two Colonial First State fund managers in 2006, was looking for one analyst but hired two to make a team of five, on the assumption that markets will be driven by stockpicking instead of calls on macroeconomic trends in the near future.
Grant Samuel triples assets as State Super buys Epoch
Grant Samuel Funds Management has tripled Australian-sourced assets this year, following the firm’s appointment by State Super Financial Services on behalf of its global equities manager, Epoch Investment Partners. T.Rowe Price scores insto sales coup…
The Australian office of T.Rowe Price under Murray Brewer has scored something of a coup, attracting the head of institutional business from a much larger local operation to drive distribution of its Global Large Cap Equity Fund.
…as Challenger changes wholesale who’s-who
Despite the loss of its most senior executive, Challenger Financial Services has increased the size of its institutional business team (snaring a Warakirri stalwart in the process), reflecting what it says is a shift in investor appetite towards guaranteed income and low-cost beta products.
Equipsuper regroups after Burns gets seven-year itch
Following the resignation of CEO Robin Burns after a seven-year stint, the board of $4 billion hybrid fund Equipsuper is meeting this week to job-scope his replacement.
Credit Suisse launches Aussie ILSs
Credit Suisse has just launched an Australian domiciled unit trust for Insurance Linked Strategies (ILSs), said the group’s head of third party distribution Josh Peel.
…as Challenger changes wholesale who's-who
Despite the loss of its most senior executive, Challenger Financial Services has increased the size of its institutional business team (snaring a Warakirri stalwart in the process), reflecting what it says is a shift in investor appetite towards guaranteed income and low-cost beta products.
