In what is understood to be an industry first, the $1 billion Prime Super has begun providing trauma insurance to members as an additional product alongside default group cover.
State Street creates senior sales role
State Street has created a new senior sales role straddling its Investor Services and State Street Associates businesses, reflecting that clients of a core custodian are increasingly requesting a broader array of services from that provider. LGSS completes active equities restructure
The $4.7 billion NSW Local Government Superannuation Scheme (LGSS) has terminated two mandates with active Australian equity managers and awarded a new mandate worth $110 million to a Sydney-based active boutique in the final stage of the restructure of its domestic equities portfolio.
Mercer Sentinel hires two consultants
Mercer Sentinel, the backoffice advisory arm of the Mercer group, has recruited Pushkar Thakur from the retirement, risk and finance side of the company.
JANA opens Telstra Super’s Aussie equities book, as biotech booms in the gloom
JANA Investment Advisors will investigate Telstra Super’s Australian equities portfolio in coming months, while the corporate fund has increased its mandate with a Melbourne boutique after it returned 55 per cent in the first half of 2009.
Cooper Inquiry seeks industry professional on staff
Position vacant: the Cooper Inquiry into the superannuation system is looking for someone to assist the panel in its deliberations, ASFA announced yesterday.
Asset Super cuts oversupply of overlay managers
The $1.4 billion Asset Super has
consolidated its currency overlay management, dropping its two previous overlay
managers and appointing a single manager across international shares and
alternatives.
McCredden brings Telstra Super colleague on board
Telstra Super’s former chief information officer has rejoined an old colleague, UniSuper chief executive Terry McCredden, as UniSuper undertakes a $6 million project involving its administration platform, Acurity.
Famous consulting face pops up at Funds SA
The $12.2 billion Funds SA has rejigged its strategic weightings to equities and credit on the back of an extensive review conducted earlier this year and appointed a well-known ex-Russell and Intech consultant to its board.
Perennial exec steps up to biggest sales role there is
One of the biggest business development roles in the Australian funds management industry has gone to a Perennial Investment Partners executive.
ESI Super flicks 'inflexible' Mercer IC
The $2.5 billion Electricity Supply Industry Superannuation Fund (ESI Super) has terminated its long asset consulting relationship with Mercer Investment Consulting, in preference for a consultant that ESI chair Bob Henricks called “more proactive”.
