GFC derails wealth fee growth by $30bnBY LAURA MILLAN | MONDAY, 25 MAR 2013 12:40PMThe global financial crisis cost the Australian funds management industry an estimated $30 billion in potential revenues, according to new research from Rainmaker Information. |
Editor's Choice
Fidelity to roll out more active ETFs
The fund manager is looking to significantly boost its local lineup of active ETFs.
Prime Super finds new chief executive
Prime Super has appointed former Zurich chief of business transformation Raeline Seales as its new chief executive.
Performance test needs better metrics, durability
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard.
Charles River appoints new head of APAC
The State Street-owned company will welcome a new head of Asia Pacific.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
The Australian funds management industry lost an estimated $30B. So what, the Australian funds management industry should have been better at what they do so their clients did not lose the estimated $1T.
I'm still not aware of any vested interest that said at the time "hold on, the situation is not sustainable".