Lazard Asset Management is to open its fourth Asian office following the recruitment of Henry Choon as managing director for business development and marketing in Asia ex-Japan.
Vanguard Melbourne wins $400m from NZ
Vanguard’s Melbourne office will service a NZ$400 million plus global equities mandate from ASB Investments, a New Zealand subsidiary of the Commonwealth Bank of Australia, replacing AMP Capital.
Russell retrenches 20-year veteran in alternatives shake-up
Russell Investment Group has let go three private markets consultants, as the loss of alternatives advice contracts with the Telstra and Australia Post super funds lead to a reduction in the breadth of alternatives research done from Australia.
QIC small-caps duo exit to boutique
The senior members of the Australian small-caps team within Queensland Investment Corporation (QIC) have exited the $70 billion manager to form a boutique.
ConnectSuper now plugged into financial advice
The $660 million ConnectSuper will soon offer a full financial planning service to members through an outsourced provider.
Apostle lays claim to midlands with new affiliate
Apostle Asset Management has targeted the global small and mid-cap equities market by allying with a specialist offshore manager.
NAB Custody part of new ‘Wealth’ group
NAB Custodian Services has been made part of a new group within the bank which includes the private banking arm, JANA Investment Consultants, NAB Financial Planning and specialised investments.
Three industry funds sign up for custodian monitoring
Three industry super funds have signed on global custodian consultancy Thomas Murray to monitor their custodians’ performance throughout the term of their respective contracts.
BNP PSS hires senior NCS rels manager
BNP Paribas Securities Services (BNP PSS) has appointed a former National Custodian Services senior relationship manager to its own relationship management ranks.
Legg’s new affiliate looks to tap Global Currents
Multi-affiliate manager Legg Mason is looking to expand its global equities capabilities with the separation of the value-orientated global team from US manager Brandywine Global Investment Management into a new affiliate to be called Global Currents.
ReCap moves into equities with Quattro launch
Retail property funds management group Real Estate Capital Partners (ReCap) has recruited experienced sales and marketing executive David Adiseshan and moved into the equities market with a new subsidiary, Quattro Asset Management.
Chadwick cashes in his chips at GMO
Paul Chadwick, the long-standing executive director of GMO Australia, has left the firm.
