South Africa’s third-largest investments manager, STANLIB, will use software from an Australian funds administration vendor to perform fund processing functions across its institutional and retail businesses.
Much talk, scarce action from funds on climate change investing
The financial crisis and negative member returns have sidelined many super funds’ plans to combat the risks of climate change, but commitments to factor these risks into investment portfolios is still strong, a survey from the Climate Institute and the Australian Institute of Superannuation Trustees (AIST) has found.
Former Wallaby switches code to funds management
Former Wallaby flanker-turned corporate broker, Simon Poidevin, will soon end a long tenure at Citi to become an executive director with an Australian funds manager, focusing on global volatility strategies. AIST to vote on board changes at next week’s AGM
AIST members will vote on a new board which will have more flexibility in the appointment of an independent director – at the annual general meeting at 10am next Monday, just prior to the opening of the CMSF conference at the Gold Coast Convention and Exhibition Centre.
CSAM nabs ex-InTech head of ops
The former head of operations at InTech, who was made redundant in January, has picked up a new senior operations role in the alternatives team at Credit Suisse Asset Management.
New sec lending boss at ANZ as custodian plots Opes rebound
After shutting down its equity finance business in the wake of the Opes Prime collapse, ANZ Custodian Services has put in action plans to rebuild its securities lending operation by appointing a new head to the division.
UniSuper splits change and technology division, hires new exec manager
The $23 billion UniSuper has restructured
its ‘change and technology’ division, splitting it in two and appointing a
former Superpartners executive to the new role of executive manager, project
delivery and change.
Industry fund appoints new Aussie shares core manager
The $650 million Connect Super has terminated its core Australian equities mandate with Challenger and committed $35 million to a Sydney-based boutique.
BUSS(Q) nails admin down for next 5 years
BUSS(Q), the $1.4 billion Queensland-based industry fund, has determined which administrator will manage member accounts for the next five years.
Qantas Super creates senior investment role
Qantas Superannuation Plan is searching for a senior addition to its internal investment team, which will free up chief investment officer Andrew Spence to spend more time on overall investment strategy.
Headcount follows FUA down at CFS, Challenger
Colonial First State and Challenger Financial Services have conducted rounds of redundancies within days of each other in the past fortnight.
David Adiseshan resurfaces
Veteran institutional funds management marketer and product developer, David Adiseshan, has joined a local hedge fund marketing business.
