Just ten products received almost half the record superannuation inflows for the June quarter this year, according to a Citigroup report on wealth management trends.
State Street merges middle office teams
State Street has brought together five of its middle office businesses into one unit, claiming it will increase scale for customers.
New broker on the block
A global agency broker which is a wholly-owned subsidiary of Nomura Holdings yesterday announced it had secured full membership on the Australian Securities Exchange.
Challenger platform spends a bar on infrastructure
Synergy Capital Management, the platform business of Challenger’s financial planning division, has undertaken a $1 million upgrade of its IT hardware and software systems, and intends to link with XPlan.
Jenkins expands research team with senior Credit Suisse hire
Jenkins Investment Management has strengthened its research and portfolio management capabilities with the recruitment of a Credit Suisse broker, who in an earlier life was a journalist.
RBF-TAS ponders end to self-insurance
The Retirement Benefits Fund of Tasmania (RBF-TAS) is reviewing its insurance provision to members, currently considering an external consultants’ report which may see it cease to self-insure.
ARIA screens distressed universe, looks to build team
The credit downturn and prospects of assets being sold on the cheap has spurred the Australian Reward Investment Alliance (ARIA) to review overseas distressed debt funds.
Perennial hires offshore for global high alpha trust, cuts core team
Perennial Investment Partners has restructured its international investment team by appointing overseas talent from JP Morgan’s UK asset management business and TIAA-CREF, a heavyweight US pension fund and financial services provider.
Auscoal reviews asset consultant
Auscoal, the $5.1 billion industry fund, is reviewing its asset consultant amid plans for the fund to build its internal investment team.
Lazard beefs up global listed infrastructure team with dedicated analyst hire
Lazard Asset Management’s global listed infrastructure business has hired a new analyst following the departure of co-founder and portfolio manager Ian Smith in June.
Two handfuls of products, fistfuls of June quarter cash
Just ten products received almost half the record superannuation inflows for the June quarter this year, according to a Citigroup report on wealth management trends.
State Street merges middle office teams
State Street has brought together five of its middle office businesses into one unit, claiming it will increase scale for customers.
