Nearly every Australian has super, but its settings don’t work for every Australian, according to the First Nations Foundation, which is advocating for changes around estate planning and the preservation age to make the system fairer.
Betting against acts of God is a great way to make money, but institutional allocations to natural catastrophe reinsurance have stayed relatively static even as some managers are generating double-digit uncorrelated returns.
T. Rowe Price opens in Melbourne
(Pictured: Murray Brewer)
T. Rowe Price has expanded its Australian business with the opening of an office in Melbourne, which will be staffed by David Frazer, who joined last year as institutional relationship manager, and Heath Branigan, as business development manager on the retail side.
Branigan has been with T. Rowe Price for three years, concentrating on the adviser-directed clients from the Sydney office. His role in Sydney will be taken over by Jonathan Ross, who has joined after similar roles at MLC and NabInvest.
Murray Brewer, the head of relationship manager for Australia and New Zealand, said the expansion followed a successful year for the firm, with inflows across the range of T. Rowe Price strategies, including global equities, Aussie equities, Asia ex-Japan and emerging markets equities as well as global fixed income.
Frazer joined T. Rowe Price last April after about three years as Australian country head for Ashmore, a UK-owned emerging markets manager. He has also worked at other big managers including MLC, where he was head of fixed income, BT, Wellington Capital and Western Asset Management.
