(Pictured: David Collins) Nikko Asset Management is further integrating its business support functions with that of its Australian subsidiary, Tyndall Asset Management, with the establishment of a new position of global group marketing and communications. David Collins has joined Nikko in Tokyo from Hartford Financial Services Group. He was formerly a television producer and has…
(Pictured: Ken Froot) The global investor sentiment index has dipped again with Asian investors adopting a new pessimism in July. The State Street Investor Confidence Index slipped from 107.7 to 105.1, but State Street says that, given the turbulence in some markets, investors have broadly maintained their stance on risk. Asian confidence fell from 100.6…
NAB Asset Servicing has won a tender for the outsourcing of more than $20 billion of backoffice custody and administration by Suncorp Life, including the old Asteron business, and will proceed with a “lift and shift” of the Sydney-based operation. The tender, administered by PwC, came down to two competing outsource models. NAB will uplift…
(Pictured: Michael Holm) A confluence of both market and demographic trends looks like providing a perfect storm for Michael Holm after 31 years at the helm of his alternative debt funds management business, Balmain Investment Management. With the help of Brookvine, he has launched a “Secured Private Debt Fund” focused on mid-cap secured commercial real…
(Pictured:Â Connie Mckeage) OneVue will become the largest independent provider of unit registry services in Australia following completion of the agreed purchase of Computershare’s fund registry business. Sydney-based OneVue is in the process of securing premises in Melbourne for the 50-or-so staff to come across from Computershare. OneVue is also moving a business development manager to…
(Pictured: Byram Johnston) The normally sleepy world of fund administration and registry has generated an air of excitement in the past few months. Well, perhaps not excitement. But the corporate activity in the field is at least attracting some press for the first time in years. For Byram Johnston and Martin Smith, the new level…
(Pictured: Ian Irvine) It may sound dull but the automation of settlements, applications and redemptions, using the CHESS infrastructure and with ASX oversight is about to offer fund managers a brand new distribution channel, particularly among SMSF investors. ASX confirmed last week that the first 65 participants aimed to be going live with AQUA II…
(Pictured: Graham Long) Impact investing, which has become well established among the big US public sector funds, particularly in California, and is just starting to gain traction in Australia through state government social benefit bonds, will be discussed at the SuperRatings Day of Confrontation Conference in Melbourne on October 15. Michael Trail, the founder and…
(Pictured: Daniel Farley) One of the few benefits of the global financial crisis is the way some of the big global fund managers have addressed the stark realisation that investors don’t necessarily want the type of investing they have been getting for the past 20 years. State Street Global Advisors is the latest to launch…
(Pictured: Greg O’Sullivan) The foreign exchange trading platform provider 360T is expanding in Australia with the recruitment of a Sydney-based executive to concentrate on super funds and other fiduciary investors. Greg O’Sullivan will be taking on his old employer, State Street, in the new role. Visiting Australia last week from his Singapore base, the Australian-born…
