bill watson

Investment Strategy

Industry funds sanguine about one third rule

Chairs of industry funds have reacted with pragmatism to the Government’s move to enforce one third of their boards to be independent and to have an independent chair. Many have already anticipated the change in legislation by hiring their first or second ever independent trustees with the explicit intention of filling skills on their board. […]
Custody

First Super appoints BNP Paribas Securities Services

BNP Paribas Securities Services has won its second major client from NAB Asset Servicing in three months after it was appointed to act as custodian and administrator for $2.2 billion First Super. The $3.9 billion TWU Super appointed BNP in December and both funds have cited concerns over meeting increasing regulatory demands around investment performance […]