Northern Trust, the global custodian for the Future Fund, has delivered a body blow to ANZ Custodian Services by switching its sub-custody contract for Australian assets to an offshore-based provider, a decision which ANZ partially blames on negative publicity surrounding its equity finance business.
LUCRF enters the automated age with Bluedoor
After integrating the Bluedoor administration system into its contributions and payments processes, the $2.4 billion Labour Union Cooperative Retirement Fund (LUCRF) will begin melding the system with its website to enhance its interactivity.
PIMCO sole survivor of AUSCOAL fixed interest overhaul
AUSCOAL Super, the $4.1 billion industry fund for Australia’s coal community, has just completed a restructure of its $800m fixed interest portfolio.
ANZ loses Future Fund's Australian custody
Northern Trust, the global custodian for the Future Fund, has delivered a body blow to ANZ Custodian Services by switching its sub-custody contract for Australian assets to an offshore-based provider, a decision which ANZ partially blames on negative publicity surrounding its equity finance business.
AIST launches ESG course
A new environmental, social and governance course launched by the Australian Institute of Superannuation Trustees (AIST) yesterday aims to help super funds to incorporate ESG issues into their investment strategies.
Insurer automates middle office with Milestone
A major Australian insurance company has adopted Milestone Group’s pQuant and pControl platforms to automate a range of middle office functions spanning investment analytics and fund processing.
Super the sweetspot for ‘globalised’ DST
DST International has renamed and restructured itself to become DST Global Solutions, reflecting the fact its largest custodian and funds manager clients are now global players, however Australian CEO Ian Mathieson predicts administration of super funds and platforms will be its biggest growth area in the short-term. Nick Allen no longer a Merrills employee
High-profile distribution executive Nicholas Allen is no longer on the Bank Of America-Merrill Lynch payroll. Christian Super brings FI, call centre in-house
As part of ongoing efforts to align its investments and ethical views, the $450 million Christian Super has terminated a mandate and brought 25 per cent of its fixed interest portfolio in-house, while also setting up an internal call centre.
AMP announces CIMA scholarship winner
The winner of the Certified Investment Management Analyst (CIMA) scholarship for investment consultants has been announced by AMP Capital Investors.
