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Jefferson & Shea Analytics will bring a new fee benchmarking service to Australia to get super funds a better deal from their external managers. The good managers will like it – the bad ones won’t.
BNP Paribas is to lose its head of securities services for Australia and New Zealand and State Street is losing three senior executives in unrelated developments which emerged last week. David Braga, the chief executive of BNP Paribas Securities Services, Australasia, has resigned and will leave the organisation at Christmas. He is currently continuing at…