Following the closure of Alpha Investment Management in May, Coal Services Pty Ltd has been looking for a home for $60 million in local equities – and it’s just found it.
CFS GAM hires new face for insto business
Colonial First State Global Asset Management (CFS GAM) has ramped up its campaign to attract wholesale investors, with Australia/NZ managing director Joanna Davison creating a role running institutional marketing and communications, and filling it with a former Vanguard executive.
The tenders that could put $6bn up for grabs
Warren Chant and Deloitte’s Wayne Walker are each currently running big corporate superannuation outsourcing reviews, both of which have claims on being the most important ever done in Australia.
Facebook wins the day for HESTA
An innovative marketing campaign involving Facebook Advertising has seen HESTA Super take out AIST’s platinum Communications Award at the Institute’s annual awards for excellence.
End of an era at NAB as Liddy departs custody, again
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.
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.
