SuperRatings has acquired a controlling interest in its web-building service provider and rolled out two web-based member tools for super fund sites.
Pentafin prepares for life after Ascalon
Pentafin, a provider of integrated administration systems for retail financial services groups, has flagged that the significant Ascalon ownership it inherited through its merger with Direct Portfolio Services will not last long-term.
New ops head for RBC Dexia
The head of fund services at custodian RBC Dexia, Gordon Little, has been promoted to a widened role.
The Police get an automatic…administratively speaking
Pillar Administration has implemented Financial Synergy’s flagship software, Acurity, to automate the benefit payment calculations for another of its superannuation clients.
Fancy running $15b in Aussie equities? Call MLC.
The $80 billion multimanager MLC is looking to fill a new position which will be one of the industry’s most influential in the Australian equities asset class.
St George, Kaplan look to sell Ascalon
The co-owners of boutique incubator Ascalon Capital Management, St George Bank and Kaplan Funds Management, have called in an investment bank to assess options for offloading the business.
S&P exec exits to become consultant
After a decade-long tenure with Standard & Poor’s (S&P), a former director of the firm’s fund ratings team, Greg Barr, has left to become an asset consultant.
More members’ billions paid as commissions: ISN
A record $2.4 billion was “ripped” from the superannuation system in the form of sales commissions paid to financial advisers throughout 2007, according to a report commisioned by the Industry Super Network.
HIP targets illiquid secondaries in private equity spend
The $560 million Health Industry Plan (HIP) has doubled its commitment to private equity by awarding mandates to managers targeting illiquid secondaries.
Bennelong appoints first master custodian
Bennelong Funds Management, the family office and incubator recently expanded by two senior former ING Australian equities managers, has appointed a master custodian.
ACT Treasury puts custody out to tender
Master custody for the two ACT Treasury funds, with combined funds under management of $3.2 billion, has come up for review.
S&P exec exits to become consultant
After a decade-long tenure with Standard & Poor’s (S&P), a former director of the firm’s fund ratings team, Greg Barr, has left to become an asset consultant.
