The $1 billion Legalsuper is set to merge
with two small funds in the legal sector in a bid to further increase scale and
cost efficiencies for members.
More of Fortitude to be staff-owned after McGowan exits
John Corr, chief investment officer of Fortitude Capital, will become majority owner of the hedge fund after fellow co-founder Tim McGowan exits in May.
Workshop to critique changing role of institutional investing
The Paul Woolley Centre for Capital Market Dysfunctionality is to hold a special afternoon workshop next month to discuss several upcoming research projects of particular relevance for super funds and managers, including a questioning of the role of active management and the proposal of a new regime for institutional investing.
Lachlan Callander exits Invesco, firm restructures fixed income
Lachlan Callander, who spent nearly five years heading up Australian fixed income at Invesco before migrating to the
London office, has left after nearly 12 years with the firm.
From Hong Kong to Chennai for BNP global custody
BNP Paribas Securities Services Australia will end the global custody relationship begun with Citi out of Hong Kong 14 years ago, as it seeks to shift clients to its parent’s own global custody network, which means they will be serviced from Chennai, India.
The man many considered a successor to Doug McTaggart as chief executive of Queensland Investment Corporation (QIC) has instead taken a permanent position as CIO of its largest client. 
In only the second change of leadership at value manager Maple-Brown Abbott, managing director and chief executive John Kightley will soon retire, to be succeeded by a long-standing colleague.
