BT Financial Group (BTFG) has changed the way it charges Westpac financial planners for using BT Wrap, after advisers complained the wrap was available cheaper to independent financial planners.
UniSuper to 'test' unlisted team rather than replace Gabriel
UniSuper’s investment team has a new manager for its governance and sustainability responsibilities following the departure of Helga Birgden last month, and will not look to replace departing head of private markets Gary Gabriel in the foreseeable future.
Watson Wyatt to wield buying power against manager fees
Watson Wyatt has indicated it will make better use of its group buying power in fee negotiations with managers.
Gloom, doom and dysfunctional markets: academics have their say
Last week’s inaugural Australian conference of the Paul Woolley Centre for Capital Market Dysfunctionality was told that the world was on the verge of a depression, active management was of questionable value and the whole funds management industry may well subtract value from society.
Project ‘George Street’ puts NAB back in manufacturing
Investment manufacturing is occuring under a ‘National Australia Bank’ brand name for the first time in seven years, as the MLC fixed income team, the Capital/National Alliance and alternatives subsidiary Antares Capital Partners come together under the ‘nabInvest’ banner.
AustralianSuper hires private equity gatekeeper
The $28 billion AustralianSuper has contracted a Philadelphia-based private equity advisor as it seeks to raise its offshore allocation from 0.5 per cent to as much as 2 per cent of the total fund.
Platypus seeks replacement for departed senior analyst
Australian equities boutique Platypus Asset Management has suffered a rare bout of personnel disruption, losing a senior analyst and its quant analyst in the past two months.
Sharp wins fee reduction then resigns from Premium Investors
The chair of listed investment company Premium Investors, Don Sharp, resigned last week after almost two and a half years at the helm to focus on his other business interests, according to newly appointed chair Tom Collins.
NAB unveils new-look custody services with master manager launch
NAB Custodian Services (NCS) has launched its master manager service – involving the amalgamation of super fund portfolios to boost operational efficiency – and expects to run a pilot program with a major super fund in the first quarter next year.
ANZ culls master custody clientele
ANZ Custodian Services is reviewing its master custody book, and has already given notice to some clients which no longer fit its business strategy.
Braced for Impact: senior Bravura exec departs for niche software provider
Bravura’s strategy and development chief, Enda Mahoney, has left and started yesterday at an investment analytics software provider run by a group of ex-BT funds managers.
JPMorgan appoints head of Worldwide Securities Services
JPMorgan Worldwide Securities Services (WSS), a division of the JPMorgan Chase global financial services firm, announced yesterday the appointment of a new head of WSS, Australia and New Zealand.
