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.
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.
QIC expands FI team with link to strategy division
QIC has beefed up its fixed interest team after the establishment of the new position, global fixed interest beta manager.
IFM appoints new investment director AE, doubles UK team
Industry Funds Management has appointed Angus McLeod as investment director, Australian equities replacing Tony Richard-Preston, and appointed three more investment personnel to its UK office.
Quentin Ayers to run alternatives FOF for four big funds
Four large industry funds have teamed up and appointed specialist alternative assets adviser, Quentin Ayers, to manage a fund-of-funds focussed on global private equity and infrastructure.
LGSS to get new investment committee chair, farewells veteran Woods
The new investment committee chair of Local Government Super Scheme NSW (LGSS) will be decided at a board meeting this month, following the retirement of employer representative John Wearne at the end of June.
InTech seeks ‘new Michael Monaghan’, flags fee increase for advisory clients
Skandia’s investment and consulting division, InTech, has decided it needs a general manager to directly replace Michael Monaghan, and has signalled it will bring advisory client remuneration in line with that from implemented clients.
