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.
Prime Value awards registry to DSTi
Prime Value Asset Management (Prime Value) has implemented the DST International (DSTi) registry solution, HiTrust, to improve its operational efficiency.
Tribeca takes on the edginess of a new namesake
Tribeca Investment Partners, the former Jenkins Investment Management, will be pushing the boundaries in funds management, perhaps emulating the edginess of the avante garde Manhattan district which is the firm’s new namesake.
Super SA’s O’Flaherty gets the nod as FEAL director
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.
