State Street Global Advisors Australia has retrenched its head of fixed income and cash and shut down its Sydney-based global fixed income capability.
CIO quits Health Super
Health Super’s chief investment officer of five years, Brendon Shepherd, will leave the fund at the end of this year.
I&TV: war stories from Richard Borysiewicz
In the latest I&T News/FTV broadcast interview, Credit Agricole Asset Management’s Australian chief, Richard Borysiewicz, talks to Amanda White about his experiences establishing a new funds management business in Australia.
I&TV: war stories from Richard Borysiewicz
In the latest I&T News/FTV broadcast interview, Credit Agricole Asset Management’s Australian chief, Richard Borysiewicz, talks to Amanda White about his experiences establishing a new funds management business in Australia.
BT Financial loses head of retirement
BT Financial Group’s head of retirement, who helped pioneer the firm’s revolutionary online superannuation offering Super for Life, has left the firm just days ahead of a vote by St George shareholders on its proposed merger with Westpac.
QIC becomes creditor to infrastructure majors
Queensland Investment Corporation (QIC) has formed a new fund to buy up stakes of $50 million or more in the debt of big infrastructure players as other investors, such as hedge funds and investment banks, sell their credit exposures to the sector.
AllianceBernstein, Franklin Templeton cut local salesmen
Global cost-cutting by funds managers is making its presence felt in Australia, with the local operations of AllianceBernstein and Franklin Templeton Investments trimming staff.
Russell reshuffle following Schoenheimer promotion
The current head of Russell’s Australasian business, Alan Schoenheimer, will become head of all the group’s non-US/Canadian operations from January, prompting a restructure here. Only one-fifth of fundies say they’ll downsize: survey
Only 20 per cent of respondents to a new survey of 70 asset managers around the world had cut staff, or expected to cut as a result of the financial crisis.
Restructure eliminates private wealth roles at Perpetual
Both the head of private clients at Perpetual Investments and the head of the Perpetual Foundation have exited the company after a comprehensive corporate restructure.
