Eschewing cruder customs, such as making money, Rainmaker Information delivered an entertaining awards night for sales and marketing people in funds management, despite the current restrictions. Usually a gala social dinner at Sydney’s Ivy Ballroom, the MAX Awards went virtual last week (June 11). They worked. Despite the straightened times, the publisher and events company…
People in the investment industry, as well as media and events, are taking stock of what can be learned and retained from how we coped with COVID-19 so far – as has been going on in most other industries. Perhaps the best-case study for very big events was provided by the organisers of Mothers Day…
For heads of operations at big funds management firms, moving 100 per cent of their staff to work from home was their biggest challenge of dealing with COVID-19. But what quickly followed was that share market and derivatives trading volumes spiked. It was a scramble to get back to business as usual. Ross Gulliford, head…
National Australia Bank Asset Servicing (NAS) has won the top award for the ‘Best Sub-Custodian Bank in Australia’ from Global Finance magazine in New York. The award’s judges assessed “reliably providing the best services in local markets and regions”. They did so for custodian banks in about 80 countries across seven regions. The decision, announced…
BNP Paribas Securities Services, with US$10.6 trillion in assets under custody, has started to use ‘Natural Language Generation’ (NLG) to help its global custody clients enhance monitoring and oversight of their operations. The new reporting is being rolled out globally, starting in Europe and the UK. As part of its digital transformation program, BNP Paribas…
A fertiliser industry body has won the right to butt into a looming legal action between the NZ Superannuation Fund (NZS) and a Western Sahara political activist. In a ruling handed down in the Auckland High Court last Friday (June 12), Justice Palmer agreed the Fertiliser Association of NZ could ‘intervene’ in the case brought…
Schroders Australia will bolster its multi-asset team with Angus Sippe set to join as portfolio manager in the September quarter. Schroders deputy head of multi-asset, Simon Stevenson, announced his retirement last week after 13 years with the global investment firm. Stevenson will officially retire at the end of 2020, Schroders multi-asset head, Simon Doyle, confirmed…
by Greg Bright Morningstar Australia and New Zealand presented its view of the world going forward in a webinar last week (June 4) together with that of two funds managers. Several good tips emerged, such as a strong buy on gold, but the combined view was not so clear. The prospect of a return of…
IRESS, the listed global financial services software and admin company, is to take over OneVue, the diversified Australian platform, admin and registry company under a scheme of arrangement. The deal gives the expansive IRESS a greater presence in the super industry in Australia. Apart from having the largest third-party registry offering, OneVue also has about…
Labelling it ‘State Street Alpha’, the big asset servicing and fund management firm, which purchased the global financial software company Charles River Development in 2018, has embarked on a journey to be the leading provider of asset intelligence to the owners and managers of the world’s capital. According to Sinclair Scholfield, State Street’s Sydney-based head…
