One hundred and seventeen people have graduated from custodian courses run by Financial Education Professionals Ltd., helping to cut staff turnover and bolster morale at the custody departments of banks, says Anusha Srinivasan-Ayer, chief executive of Financial Education.
Andrew Sisson, who sold his Balanced Equity Management to Franklin Resources Inc. on June 21, said he expects to spend the rest of his career at the $735 billion asset manager.
Tasmania’s $3.4 billion Retirement Benefits Fund has made a decision regarding the outsourcing of its member administration, with the chosen provider a big player in the defined benefit superannuation market.
The $1 billion Legalsuper is set to merge with two small funds in the legal sector in a bid to further increase scale and cost efficiencies for members.
Defensive strategies by super fund members in reaction to the financial crisis are a concern, prompting questions about the wisdom of choice, according to the head of State Street’s international asset servicing business, James Phalen.