Commonwealth Bank of Australia

Investment Strategy

Winder reports to Whitfield at Westpac

Westpac Institutional Bank has announced that Terry Winder has been confirmed as chief financial officer following an extensive global search. The appointment will see Winder join the institutional bank’s executive team and report to group executive, Rob Whitfield. Winder, who has over 25 years’ experience in financial markets, joined Westpac in 2010 and has been […]
Investment Strategy

Brian Bissaker “made redundant”

Brian Bissaker, Colonial First State’s chief executive, has been “made redundant” after a decade of service at the $59-billion asset manager. “I have decided to separate the advice and Colonial First State businesses, and have both of these leadership roles report directly to me,” says Annabel Spring, group executive of wealth management at Colonial’s parent […]
Investment Strategy

Chris Clayton joins MLC

Chris Clayton, who was in charge of Acadian Asset Management’s Australian business, has left the firm and joined MLC as head of asset management sales. Clayton left Acadian earlier this month after joining in September 2005. Andrew Hair has been selected to take Clayton’s place on a temporary basis. Colonial First State Investments, Acadian’s joint-venture […]
Investment Strategy

Australian banks may take stake in new exchange

Money Market and Debt Exchange Ltd., Australia’s first electronic money market repurchase agreement and interest rate derivative exchange, will invite the country’s biggest banks to take as much as a 50 per cent stake in the company. Money Market and Debt Exchange are demonstrating their electronic platform to Australian banks and investment banks. It doesn’t […]
Investment Strategy

Robertson says Colonial aren’t “rampant asset gathers”

Chris Robertson doesn’t believe in size for size’s sake. “We’re not rampant asset gathers,” says the senior investment specialist, Australian equities, Colonial First State Global Asset Management. “We manage our capacity very carefully. We’re not afraid to soft close,” says Robertson. Colonial’s Australian equities team manages about $9.5 billion. About $5.5 billion is actively managed. […]
Investment Strategy

Disillusionment in super: Roy Morgan

Just 54 per cent of Australians are satisfied with their superannuation fund’s financial performance, according to a survey by Roy Morgan Research. “Current market conditions are likely to see this begin to decline,” says Roy Morgan whose survey was based on interviews with 50,000 people a year of whom about 30,000 people have superannuation. The […]