Few would disagree that a strong regulator is required for a strong superannuation system. But APRA’s myopic focus on cost to members means its $70,000 Christmas party is unlikely to help its reputation.
Good investing requires real sacrifices, according to Oaktree’s Howard Marks, but you can’t expect to be compensated just for making them.
Northern Trust makes Melbourne role regional
(Pictured: Peter Jordan)
Northern Trust has expanded its Melbourne-based fund services role through the promotion of Peter Jordan to head up Asia Pacific, following the return of Camie West, the well-known Hong Kong-based executive, to Chicago head office.
Jordan was appointed head of Australia and New Zealand for Northern’s global fund services unit earlier this year, having spent more than 20 years with the firm. He was previously based in London, heading up global institutional relationships.
West will return to the US to become head of strategic client relationships, based in Chicago. She headed up the global fund services Asian business, from Hong Kong, for the past three years.
Jordan and West report to divisional head, Peter Cherecwich, who is based in the US, while Jordan also reports to regional corporate head, William Mak, based in Singapore.
Cherecwich said: “Our asset manager clients operate on a global scale regardless of their country of origin. Peter and Camie’s wealth of knowledge and global industry experience will ensure we are well positioned to offer innovative solutions to meet the needs of these increasingly global clients.”
