(pictured: Peter Dawson) Well-known recruitment executive Peter Dawson has published an e-book which calls for greater flexibility in the business models adopted by recruitment firms in financial services, due to the contraction in funds management and wealth management since the global financial crisis. “Clients should be able to direct the process, if they want to…
Undeterred by the current lack of demand from foreign investors for Chinese securities or funds, the Chinese authorities have nearly doubled the QFII quota and widened the reach for the smaller renminbi-QFII pilot program to include London and Singapore The China Securities Regulatory Commission, in conjunction with the People’s Bank of China and SAFE (State…
(pictured: Cate Wood) From next year big super funds, companies and other bodies with more than 100 employees will be forced to report on the gender balance within their organizations. Is this the only reason they should care? Research suggests no – a better gender balance, particularly at the top, has other benefits. Helen Conway…
(pictured: Kate Mulligan) Kate Mulligan, the chief executive of the investment industry legal services firm King Irving Consulting, has joined the board of the wealth management firm Netwealth, increasing the number of independents on the board to three. Netwealth is one of the largest privately owned wealth management and advisory companies. It is controlled by…
(picture: Angela Ashton) Comment by Angela Ashton and Vanessa Stoykov* Retail financial planning is at a bit of a juncture: FOFA, fee pressure, education standards, investor confidence, the bond bubble, changing demographics and lifecycle investing, SMSFs, limited licencing for accountants, continued competition from industry funds desperate to hold on to retirees. These are all issues…
(pictured: Graeme Arnott and Gerard Parlevliet) By Greg Bright Talking to Gerard Parlevliet and Graeme Arnott, winners of this year’s CIO and COO of the Year Awards, and you can discern some clear themes in how they approach their roles at big super funds. A major theme is that they need to be deeply involved…
BNP Paribas Securities Services has anointed Peter Baker to succeed Pierre Jond as managing director of Australia and New Zealand. Jond, who has been in the role for four years, will return to Paris at the end of the year. The company also announced last week that Michelle Crosbie, a New Zealander who had been…
(pictured: Andrew Mehrtens) Centric Wealth, the financial planning and individually managed account provider, has recruited another rugby international, former All Black Andrew Mehrtens, to market its platform and advisory services to super funds. Mehrtens joins an old rugby foe, Phil Kearns, the Centric CEO and a former Wallaby captain. Mehrtens, a history major who speaks…
The Sydney-based Australian Catholic Superannuation and Retirement Fund has appointed Towers Watson as its new asset consultant, replacing Russell Investments. The $5 billion 90,000-member public offer industry fund has 11 investment options. In the year to June 2012 the growth fund returned minus 3.4 per cent while the My Super balanced fund was minus 1.1…
After what has appeared to be a long hiatus, AMP is moving ahead with plans to offer asset management services to the Chinese market through its strategic alliance with China Life. A public disclosure last week for approval of a business name registration for China Life-AMP indicates the two are likely to go ahead with…
