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.
Seafarers' fund decides on outsourced insurer
The 9000-member Seafarer’s Retirement Fund has decided on its first-ever third party provider of life, TPD and salary continuance insurance.
Russell wins ACT consulting job, expands implementation services
ACT Treasury has appointed Russell Investment Group as the new asset consultant for its two major investment portfolios, replacing incumbent Frontier Investment Consulting.
Mercer flags big increase in alternatives exposure
Mercer Global Investments will follow its dramatic review of Australian equities with some changes to the strategic asset allocation of its $14 billion fund.
Ken Licence re-emerges at boutique
The former head of Deutsche Asset Management’s institutional business, Ken Licence, has resurfaced at an infrastructure-focussed boutique.
Two sales heads aren’t better than one, CSAM decides
Credit Suisse Asset Management (CSAM) has ended its search for a head of institutional distribution, electing to collapse the role into that of the existing head of retail distribution.
QIC’s strategy chief to spearhead Future Fund portfolio team
Tony Day, chief strategist with Queensland Investment Corporation (QIC), will join the Future Fund as head of strategy towards the end of October.
LBOs to survive credit shortfall: Barwon
The leveraged buyout (LBO) market can still serve up favourable returns, despite diminishing multiples and the credit troubles beginning to undermine the sector, research from Barwon Investment Partners advises.
Zurich lowers barriers to life risk insurance
Zurich Financial Services Australia has lowered its financial and medical requirements for those seeking life insurance, in a bid to reduce Australia’s underinsurance problem.
Departure from Capital Partners latest in ‘musical chairs’ trend
The departure of senior Australian equities analyst Richard Manyier from Capital Partners is just the latest move in what a Standard & Poor’s report has called a “game of musical chairs” among domestic share managers.
Fairfax revamps online managed funds with InvestSMART purchase
The Fairfax group has resuscitated its interest in the market for selling retail managed funds online with the purchase of InvestSMART.
BNP Paribas SS gets new head of business development
BNP Paribas Securities Services (BNP PSS) has promoted a new head of business development, following the imminent departure of the incumbent to Russell Investment Group.
