This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
Bank of Montreal to launch Australian AM office
Bank of Montreal’s asset management business – BMO Global Asset Management – is on the verge of launching in Australia with the appointment of a full-time marketer for its institutional strategies, following a search by recruitment firm Russell Reynolds.
BMO Global Asset Management, which has total funds under management of about $US70 billion, is headquartered in Toronto and Chicago for its main manufacturing businesses: BMO Asset Management Canada and BMO Asset Management US.
It owns four independently operated boutiques. Its distribution is throughout North America, Europe and Asia – including offices in Hong Kong, China and the Middle East. Australia had been a notable exception.
The boutiques under the BMO umbrella are HK-based Lloyd George Management, Toronto-based Monegy, London-based Pyrford International and Miami-based Taplin, Canida&Habacht.
The recruiter was believed to be at or near the contract stage of the process in Australia last week.
