investment banks

Post-Retirement

Diverse partnerships likely in retirement product development

An increase in diverse partnerships with financial service providers is likely as super funds attempt to develop attractive post-retirement products, the Post-Retirement Conference heard. These partnerships will likely include fund managers, insurers and investment banks as well as larger funds offering products to smaller funds. Nicolette Rubinsztein, general manager of retirement and advocacy at Colonial […]
Custody

Capital raising made visible

Few will dispute that fairness should be fundamental to share markets. A level playing field is necessary to inspire the confidence of all market participants. Yet the traditional off-market placement – now alarmingly considered the default capital-raising option by many companies – often prejudices existing shareholders that aren’t major clients of investment banks. As a […]
Investment Strategy

CFA Institute survey: ethical vacuum drains trust

An absence of appropriate ethical culture at financial services firms has been the biggest contributor to the lack of trust in the finance industry, according to a global survey of CFA Institute members, which attracted more than 6000 responses. Matt Orsagh, director of capital markets policy at CFA Institute, says to restore integrity in global […]
Investment Strategy

Zeptonics to revolutionise securities trading

In the Sydney offices of Zeptonics near Circular Quay, books by the Dalai Lama sit alongside those by Isaac Asimov. Like the famed science-fiction writer, Zeptonics’s staff is dreaming of new technology that will revolutionise trading on Wall Street, hoping it is seamlessly adopted by asset managers, brokers and high-frequency traders. Today Zeptonics unveils its […]
Investment Strategy

Asset managers decry share sale process

Guy Foster, head of equity capital markets in Australia for Bank of America Merrill Lynch, was red in the face. It may not have necessarily been because three asset managers at the Ownership Matters governance conference were voicing criticism of investment banks hired to sell shares for companies. “Long-term shareholders are discriminated against” in many […]
Investment Strategy

Custody isn’t all about price, says First State

Custodians should present information in a simplified way so that trustee fund boards can make decisions promptly, says Graeme Arnott, chief operating officer at First State Super. “Custodians must de-emphasise price and emphasise services,” says Arnott, a former custodian himself. Arnott says he wants “healthy competition” and isn’t fixated on price when deciding on custody […]