Craig Meller, managing director of AMP Financial Services, says the company’s flexible, superannuation product has attracted more than $3 billion since its launch on July 1 last year.
Robert Penaloza, who joined Aberdeen Asset Management as a graduate trainee in Singapore in 1997, has been appointed the business’ head of Australian equities.
Custody tenders sent to market by two large superannuation funds will put their incumbent provider, JPMorgan Worldwide Security Services (JPMorgan WSS), to the test.
Custodians overall increased their assets under administration and custody over the past six months as markets rebounded somewhat and clients continued to direct money towards the safest houses. Most of the custodian banks, which were the beneficiaries of government support during the crisis of the previous 12 months, weathered the storm relatively comfortably compared with […]