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.
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.
VFMC hits home country bias, trials minimum variance
The $40 billion Victorian Funds Management Corporation has slashed its strategic asset allocation to Australian equities, and is trialling minimum variance portfolios to complement its growing use of fundamental indexing.
Paul Fiani brings another ex-UBS colleague on board
Paul Fiani, the former head of Australian equities for UBS Global Asset Management (UBS GAM), has hired yet another ex-colleague to join the boutique he founded last year, Integrity Investment Management.
Sunsuper puts its money where Macquarie is
The $12 billion Sunsuper has struck a deal to co-invest on an ongoing basis with Macquarie Bank.
Russell wants PM with short-term view
Russell Investment Group is seeking its first Australasian portfolio manager for ‘short term investments’, to handle a spike in clients’ need for cashflow management.
Alternatives searches up 20% in ’07: Mercer
Mercer Investment Consulting ran 20 per cent more searches for alternative asset managers globally in 2007 than it did the previous year.
Superb no sop to Aon, it’s the road to retail says Pillar…
Pillar Administration’s three-year contract with Bravura Solutions’ Superb platform, far from a condition foisted on it by new retail client Aon, would in fact help the NSW Government-owned business win more master trust clients, according to CEO Peter Beck.
…as administrator goes on client manager hiring spree
NSW government-owned member administrator, Pillar, has appointed a series of administration and relationship managers to work with specific super fund clients.
Alternatives searches up 20% in '07: Mercer
Mercer Investment Consulting ran 20 per cent more searches for alternative asset managers globally in 2007 than it did the previous year.
