The chief executive of the $40 billion fund says that bringing back defined benefit funds could make the public service an attractive career path again and strengthen the social compact with nurses, teachers and police.
The set-up for emerging markets is better than ever, and harks back to the beginning of their decade-long run following the end of the Asian financial crisis. And while Trump has investors running scared, fears about another brushfire trade war are overblown.
Tremelling pops up at RBC
(Pictured: Stephen Tremelling)
Stephen Tremelling, the former head of sales and business development for BNP Paribas Securities Services, has joined RBC Investor & Treasury Services as director of sales and distribution.
Tremelling left BNP last November after 10 years with the firm. His job there has been filled by former consultant, and previously custodian, Ian Perkins.
Prior to joining BNP in 2004, Tremelling spent about nine years at State Street, rising to become vice president of operations.
RBC services fund managers, but not super funds, in Australia. Its largest client is Perpetual Investments, which sold its former big inhouse asset servicing unit, Perpetual Fund Services, to the Canadian company in 2001.
