Benchmark-clinging passive investors risk meagre returns: Perpetual

Following the departure of its chief operating officer, National Stock Exchange of Australia chief executive Max Cunningham told Financial Standard about his plans for the exchange in the near future, including its first-ever listing of a Canadian company next week.

The looming passage of a major bill will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and, in turn, speed up compensation payments to eligible victims.

State Street has appointed Tim Helyar as head of Asia Pacific, effective immediately, taking the helm from Lochiel Crafter, who recently retired.

Digital advice has become a core offering for wealth managers, yet it confuses many and implementation and use remain fragmented. Before it can achieve aspirations of scale, experts are urging for a better, unified understanding of the offering.