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Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
Most pension fund managers and institutional investors plan to increase their exposure to Vietnam over the next three years, according to research from Dragon Capital. Dragon Capital, a Vietnam-focused investment firm reported that 96% of them expect ...

Mega super fund opens first international office

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... undertaken since the fund's merger more than two years ago. "ART partners with world-class external managers and this is the next logical step for us to expand our investment capability," Patrick said. "The team in Australian Retirement Trust's UK office ...

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... in 2022-23, achieving a $100 billion turnaround in the forecast inherited from the former government. A second surplus in next month's budget remains within reach." The IMF reported that while overall primary deficits are expected to decrease, "substantial ...

T. Rowe Price appoints local operations chief

ELIZABETH FRY  |  FRIDAY, 19 APR 2024
... services and operations professional Tim Chamberlain is the new Asia Pacific regional chief operating officer, effective next month. In his new role, Chamberlain will oversee the asset manager's regional offices and serve as a key advisor and business ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
Mine Super is reducing the administration fees members pay next month as it moves forward with its merger with TWUSUPER. Effective May 20, the industry fund said administration fees will be lowered 25% from $52 to $39 per year for super members due ...

Two Brisbane advice firms merge

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... retirement, and estate planning. Cook recently told sister publication FS Advice why he's a strong advocate for guiding the next generation of advisers, having helped trained EWM's fifth Professional Year candidate. "Philosophically we want a strong ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... pressure is eased. VanEck head of investments and capital markets Russel Chesler said a rate cut in Australia isn't likely until next year. "Based on our latest analysis into the Australian economy, we're seeing the market overestimate the likelihood ...

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... holds with the CDPP, which is core to our enforcement work." Longo said Day's secondment to the CDPP comes as ASIC enters the next phase of its transformation. ASIC executive director of regulation and supervision Greg Yanco will be appointed as ASIC's ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... book growth in the near term. In the current conditions we do not anticipate a major change from this strategy," she said. Next year, AMP Bank will launch a new digital small business banking offering in a bid to address funding constraints and diversify ...

Mercury Capital acquires KKR's stake in Findex

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... Australia and New Zealand, Games added that this partnership will help the company achieve its goal to triple in size over the next five years. Mercury Capital founder and chief executive Clark Perkins said the firm was attracted to Findex's "unmatched ...
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