The executive director of the Motor Trades Association of Australia (MTAA Ltd), Michael Delaney, has admitted the body cannot continue in its current form following the resignation of the NSW Motor Traders Association in December, and has proposed it be rescued by the $6 billion MTAA Super, the buyer of MTAA Ltd’s secretarial services for which Delaney also acts as principal executive officer and fund secretary.
Face of UBS transition management moves on
The UBS Institutional Funds Group, which famously performed last year’s massive domestic equities transition for AustralianSuper, will soon have a new head following the incumbent’s promotion within UBS.
LGSS completes Chifley divestments, buys small-caps offshore
The $5 billion NSW Local Government Superannuation Scheme (LGSS) has cut all investment ties with Chifley Financial Services, the services provider it part-owns, after allocating a redeemed $50 million international small-caps mandate with Chifley to another manager.
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Old hands at new firm to help managers expand
Julie Rigoni and Peter Dawson have joined forces to form a company to assist funds managers to expand their distribution, either in Australia or overseas. AvSuper extends custody relationship with NAB
The $1 billion aviation industry fund AvSuper has reappointed its custodian after a review by consultant Brett Elvish.
Cleantech funds managers get down and dirty
Cleantech funds management is a dirty business – just ask the folks at the new Ascalon-affiliated Arkx Investment Management.
Second not-for-profit super chair for Cochrane
Neil Cochrane, chair of the $6.7 billion Commonwealth Bank Officers’ Superannuation Fund, will lead the investment committee of another not-for-profit fund in his second major appointment since retiring as deputy chief executive officer of Colonial First State Global Asset Management (CFS GAM). Aberdeen claims mandate wins to kickstart 2010
The global equity and fixed income teams at Aberdeen Asset Management have scored major institutional mandates.
IFM lures infrastructure talent from ING
Industry Funds Management (IFM) has recruited a new infrastructure associate into its London office.
Five Oceans starts with $50m for ‘Chindia’ fund
Global equities boutique Five Oceans Asset Management has been chosen to run a China- and India-themed fund offered by a Melbourne high-net-worth advisory, and has been supplied with an initial $50 million to invest. 
