For Tim Hodgson, the co-founder, with Roger Urwin, of Towers Watson’s ‘Thinking Ahead Group’ back in 2002, the job is the longest he has ever been in during his working life. He says it’s a great job, as it is, but last year he wanted to push the envelope a little further. As head of…
(Pictured:Â Christine Bartlett) by Greg Bright National Australia Bank’s asset servicing business has a long and illustrious history. It’s still the biggest in the market and the last Australian-owned business of its kind. It’s been on both the acquisitive side and the seller side of the market before, with at least three lengthy negotiations for deals…
(Pictured:Â Malcolm Johnson) by David Chaplin Mercer has lost one of its largest New Zealand investment consulting gigs, dumped in favour of Russell Investments by the NZ$500 million plus Universities Superannuation Scheme. The move will see the Universities scheme transition to a Russell implemented consulting solution over the next few months. It is understood that this…
(Pictured:Â Peter Sipek) Peter Sipek, director of investment services at AMP Capital, has resigned and left the firm, having headed up investment operations for AMP’s funds management arm since 2006. An AMP spokesperson said that the recruitment process was underway and, until the position was filled, Sharon Davis, AMP Capital’s chief operating officer, would oversee the…
(Pictured:Â Stuart Korchinski) Diversa Ltd, the listed boutique trustee and superannuation administration business, has cemented funding to allow for a big step up in scale and capabilities through two takeovers to be transitioned over the next few months. Diversa has raised $3.04 million through a placement which was led by the advisory firm of one of…
(Pictured:Â Xavier Rolet) Shortly after the London Stock Exchange Group announced its heads of agreement to acquire Russell Investments, the LSE’s chief executive and chief finance officer fronted UK analysts. The questions about Russell’s investment management and consulting businesses were unrelenting. If the analysts are to be believed, LSE is unlikely to retain the non-index part…
Passive investing is the fastest growing style of investing in the money management industry, according to London Stock Exchange Group, and is tipped to rise from 11 per cent of total funds in 2012 to 22 per cent in 2020. At the LSE analyst briefing following the Russell takeover announcement on June 26, LSE chief…
(Pictured:Â Phillip Weinberg) The legal action by the New York Attorney General’s Office against Barclays Bank over management of its dark pool of liquidity for clients has ramifications around the world, according to Phillip Weinberg, chief executive of Australian trade execution firm BestEx. The NY Attorney General is alleging that Barclays systematically biased its dark pool…
(Pictured:Â Chris Andrews) With first-home buyers dropping to a record low of about 12 per cent of all residential property buyers in the past five years, parents are increasingly stepping in to help their children in the process. But there are potential pitfalls which one fund manager is looking to alleviate. Credit specialist La Trobe Financial…
Northern Trust has been probably the most successful provider of securities services in Australia, in terms of new business wins, over the past several years. Patrick Liddy, a former securities services executive himself, speaks with Rohan Singh, country head of Northern Trust in Australia and New Zealand, while putting his unique spin on the story….
