The industry fund for electrical and communications contractors, ConnectSuper, has dealt out a number of new mandates and terminated other contracts to align itself with a more defensive investment style.
Departing AvSuper chief to stay within industry fund ranks
Leeanne Turner, AvSuper chief executive officer, will exit the retirement plan before the end of the year to take a senior role at another industry fund.
CARE appoints new managers in AE, infrastructure
CARE Super has allocated the $138 million Australian equities mandate previously with UBS Global Asset Management (GAM) across three new mandates.
IRESS spreads its wings with southern office
IRESS will open an office in Adelaide later this month, with the appointment of former Victorian-based account executive, Brett Edwards leading the South Australian charge.
Fiani poaches ops head from UBS, takes two days to get first client
Integrity Investment Management, the boutique comprising former UBS Global Asset Management Australian equity managers, has poached a senior trader from UBS GAM to be its chief operating officer.
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.
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.
