BT Financial Group’s head of super solutions, Gary Cox, has become the most high profile casualty of a restructure putting superannuation on a more ‘enterprise-wide’ footing at its Westpac parent.
Citi taps into Kapstream for new FI hire
Alternative fixed income boutique Kapstream Capital has lost a director to Citi as the bank seeks to replace traders who left after former regional fixed income head, Jeff Herbert-Smith, exited.
MasterSuper takes the high conviction road
The $720 million corporate super fund MasterSuper has increased its exposure to managers with a higher tracking-error in a bid to add value.
Osborne to fly solo at BT income
John Sorrell will be departing BT Investment Management at the end of May, leaving Scott Osborne as the sole head of income strategies.
NabInvest, CFS GAM swap senior analysts
NabInvest’s first incubated funds manager, Northward Capital, has done an analyst swap with the Colonial First State Global Asset Management (CFS GAM) Australian equities team, albeit unplanned.
Future Fund’s custodian expands Melbourne office
Northern Trust has appointed a 15-year veteran with the firm to run its expanding Australian office in Melbourne.
AIST puts 'easy super release' promises in their place
The Australian Institute of Superannuation Trustees (AIST) last week clarified the conditions of early super release, hitting back against mortgage lenders promoting products that promised easy access to super in the event of a loan default.
Future Fund's custodian expands Melbourne office
Northern Trust has appointed a 15-year veteran with the firm to run its expanding Australian office in Melbourne.
Austsafe to offer advice through AAS relationship
The $900 million industry fund for rural and regional Australia, Austsafe Super, has partnered with Money Solutions to provide financial advice for its members.
LUCRF fixes ‘uncompetitive’ group insurance
LUCRF Super has renegotiated its contract with ING Life a year before it was due to expire, and secured an increase in cover for members at no additional premium.
Invesco hires big in bid for Aus shares recovery
Invesco Australia has hired a senior JANA consultant to spearhead the rebuilding of its Australian equities large cap fund more than 12 months after its top two managers exited, leading to mandate losses over $2 billion.
Pentafin and Direct Portfolio getting together
Unit registry systems provider Pentafin and separately managed account provider Direct Portfolio are finalising details of a merger.
