Active Super and Vision Super are now entering the home stretch of a drawn-out merger process that will create a new $29 billion fund with 170,000 member accounts.
The NZ Superannuation Fund has made half-a-dozen fresh investments over the previous few months across an eclectic range of strategies including US timber, a quant trend-follower and a life science specialist.
Citi lures senior NAB executive to oversee HostPlus
Providing further evidence of the importance of winning HostPlus as its first industry super fund client, Citi Securities and Fund Services has recruited National Australia Bank’s head of sales and business development for asset servicing, Amy Diab. It is understood her main role will be to oversee the new relationship with HostPlus.
Diab will be based in Citi’s Melbourne office, where HostPlus is also headquartered.
David Edwards, who said he was unable to comment, remains head of sales for the Citi division, based in the Sydney head office.
IO&C News jumped the gun last week when we reported the HostPlus deal had been signed. It is understood that this was incorrect at the time. An announcement, nevertheless, is imminent.
Diab, who joined NAB in 2004, was promoted last October to her recent role, when her former sales position was expanded.
It is not known when she starts her new job, which will include the transition from incumbent custodian JP Morgan.
