The Fund Executives Association Ltd has voted in a new director, John O’Flaherty of Super SA, the South Australian public sector schemes administrator, to replace one of the founding directors, fellow South Australian, Frances Magill of Statewide Super.
UN PRI is not about altruism: Steve Gibbs
Most of the 25 super funds which have joined the United Nations ‘PRI’ pact, have done so not because it is the right thing to do but rather because it will reduce risks or increase returns or lead to both, according to Steve Gibbs, chief executive of ARIA.
Fairfield Greenwich sets up local trust for futures fund
Fairfield Greenwich Group, the New York-based fund of funds and alternatives manager, has launched its first Australian-domiciled fund.
Fidelity funded for global small-cap launch
Fidelity Investments has launched its first institutional fund in Australia since 2005 – a global small-cap fund – which has been seeded by an existing client.
Auscoal gets governance manager
The $5 billion Auscoal industry fund has hired Zurich’s former manager of trustee services to the newly created role of governance and trustee manager.
Suncorp Aussie equities to rebuild as ‘corporatised boutique’
A rebuilding Suncorp Australian equities team will lure staff with the ‘corporatised boutique’ model used by fellow Promina business Tyndall Investment Management, whereby senior investment staff co-own the business with their parent.
AMIST finds chief as Cahill leads staff to ClubPlus
Former FuturePlus managing director John Livanas will head up one of Australia’s two meat industry workers funds, but he’ll need to find a new member services manager when he arrives.
Bye, bye, Don McLean: State Super chief to depart
Don McLean will leave the $38 billion NSW State Super as chief executive officer at the end of the month and consider career opportunities outside the funds management industry.
Floggers or not, planners want to be professionals
Whether they charge a flat fee or trailing commissions, financial planners want to be seen as professionals, the final plenary session at the Financial Planning Association (FPA) conference in Sydney heard on Friday.
Advance steps back from ‘crowded’ domestic LPT universe
St George-owned manager of managers Advance Asset Management has made a major shift to global listed property, allocating half its listed property fund to two global mandates in a move to diversify away from the increasingly concentrated Australian LPT universe.
Alexis George heads to Prague
ING Australia’s chief operating officer and former Cogent/BNP Paribas custody chief, Alexis George, has been posted to the Czech & Slovak Republics.
HSBC loses BT relationship manager
HSBC Securities Services has lost a senior manager of investment manager relations, whose primary responsibility was the bedrock BT/Westpac relationship.
