CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.
Former BNP PSS ops manager becomes Challenger exec
A senior custody manager from BNP Paribas Securities Services (BNP PSS) has been recruited to Challenger Financial Services Group.
Fiducian's India fund managers say it's not too late
Fiducian Portfolio Services is off to a flier with its India fund and is expecting strong long-term growth based on the country’s prospects.
Alternative, Asian managers to dominate M&A activity
Alternative managers, international and Asian managers and financial technology firms will attract most M&A activity this year, according to a new report from Jeffries Putnam Lovell.
Perpetual's dearth of a salesman as Matt Russell walks
Perpetual Investments has lost its institutional relationship manager for income and multi-sector funds, with Matt Russell ending his 18-month tenure and starting at a major competitor next month.
Credit Suisse to expand emerging markets offering
Credit Suisse Asset Management plans to introduce more emerging markets products in Australia as part of a “more dynamic” product suite which concentrates on alpha generation.
And the KiwiSaver winner is…Commonwealth Bank of Australia
A fund owned by the Commonwealth Bank of Australia (CBA) has captured over 10 per cent of the net NZ$226 million to have flowed into the KiwiSaver retirement savings system since last October.
ABN Amro Aussie equities team in 60:40 spin-off
ABN Amro Asset Management’s eight-person Australian equities team under George Clapham is close to finalising a deal under which it will own 60 per cent of a spun-out business.
No empty seats at UBS Aussie equities
The vacancies in the Australian equities team at UBS Global Asset Management (UBS GAM) – which arose after former chief Paul Fiani took several colleagues to form a boutique – have been filled after the appointment of three analysts.
Another ‘traditional’ Intech client set to walk
The $1.5 billion ASSET Super has put its asset consulting contract, currently with Intech, out to tender.
NGS Super diverts Suncorp-bound $150m to Solaris
Solaris Investment Management, a boutique made up of the entire former Suncorp Australian equities team, has been awarded a $150 million mandate originally destined for Suncorp.
Club Plus nurtures its young with age-based defaults
Industry fund Club Plus Super has introduced age-based default investment options to ensure its members take advantage of their youth.
