AustralianSuper has made large savings on brokerage costs for futures contracts, in one of the latest ways its investment operations department is turning itself from a cost centre into a revenue generator. The move was prompted by members of its trading team who have been hired to join the in-house equities team at the fund. […]
Salaries for most back and middle office staff in superannuation funds will only rise in line with inflation in 2014, predicts specialist recruitment firm Robert Walters. The exceptions are for candidates in the areas of information technology and compliance. Andrew Hanson, director of financial services, market, sales and legal at Robert Walters, sees indications for […]
Leigh Watson, executive general manager for asset servicing at National Australia Bank, is filling a page with doodles with his employer at the centre. Watson, head down, drawing neat boxes on the paper in front of him, rejects suggestions Australia’s biggest custodian is losing its grip on its customers following decisions by QSuper and SunSuper […]
In 1993 Northern Trust’s Steven Fradkin was looking for office space in Sydney. He liked the potential growth of Australia’s mandated-pension-fund market, but wasn’t certain that custodians could meet the demands of Australian tax and foreign investment-fund reporting in a quality way. “The market has always been attractive,” says Fradkin. “It is a more complex […]