State Street Global Markets has purchased SSISearch, the operator of a database of standard cross-border settlement instructions which it has hosted on its Global Link network for a couple of years.
Ex-custodian to run Fordham Investment Management
The head of operations for BNP Paribas Securities Services has resigned to run a Melbourne-based wealth manager catering to business owners.
Lehman Brothers shuts down Australian asset management business
Lehman Brothers has shut down its asset management operations in Australia, with staff being handed redundancy notices yesterday afternoon.
Pinnacle appoints distribution head in Sydney
Boutique incubator Pinnacle Investment Management has recruited the director of retail sales from Schroder Investment Management to its Sydney office.
Funds SA drops active LPT managers in favour of indexing
The $13.5 billion Funds SA has pulled mandates with two domestic listed property trust (LPT) managers in preference for tracking the Australian LPT index, while simultaneously building its exposure to private equity.
UBS trims transition management team
Two members of UBS Investment Bank’s transition management team have departed.
Custody chief to depart NAB after 43 years
John Treloar, the most experienced senior executive in custody in Australia, is to leave the National Australia Bank after 43 years.
Future Fund’s custody consultant calls it a day
Ross Whitehill, the chief operating officer of Thomas Murray, the specialist international custody consultant and bank ratings firm which assisted the Future Fund custody search last year, has resigned.
DSTi getting serious about platforms with new role
DST International (DSTi) has created a new role to add impetus to its previously flagged push into the platforms administration space in Australia.
$8bn NZ fund gives JPMorgan big custody job
New Zealand’s Accident Compensation Corporation (ACC) has dumped ANZ in favour of JPMorgan to handle its Australian custodial services.
Paradice ups control with new set of service providers
Paradice Investment Management’s new chief operating officer, Tony Hammond, has left his mark with the appointment of new middle/backoffice and finance service providers, and is seeking an operations manager to ramp-up internal client-servicing responsibilities.
One deal in the hand, another in the balance for AAS
Tasplan has committed to becoming the second client of AASpire, the new platform from Australian Administration Services (AAS), as another industry super fund reviews its contract with the administrator.
