Super’s biggest problem likely lies within funds themselves, with many using legacy operational infrastructure ill-suited to the needs of the major financial organisations they’ve become.
The race to the bottom on low cost, benchmark aware solutions for a post-YFYS world has pretty much been run. But while the perception of value currently sits on price, that might not be where it ends up, according to Fidelity’s Simon Glazier.
KONU nabs AMP Capital Public Markets exec
KONU, which was established by Paul Toepfer and Greig Nicholson in 2019 with Philip Hope joining in 2022, has added former AMP Capital Public Markets COO Grant Proctor to its ranks.
“We are thrilled to have another industry heavyweight join the KONU team and strengthen our end-to-end advisory and implementation capabilities,” the partners said. “Like all of us at KONU, Grant is an industry practitioner, and has invaluable experience and success highly relevant to the changes our industry is facing. We look forward to him working with our clients, helping them navigate the challenges in delivering on their strategic objectives.”
Proctor was most recently the COO of Public Markets at AMP Capital during “a period of significant change” with responsibility for driving transition and transformation, investment operations and regulatory change, including the re-platforming and transfer of the multi manager business to the parent company and the sale and transition of the global equities and fixed income business to Macquarie Asset Management. Prior to AMP Capital he held various senior positions across operations, change and technology at Suncorp and Perpetual.
“KONU truly brings something different to the table”, Proctor said. “In joining a team of industry practitioners with extensive experience, I am looking forward to contributing to this expansive capability in supporting clients”.
