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RBC to close Melbourne custody officeBY JAMES FERNYHOUGH | THURSDAY, 5 SEP 2013 12:25PM
Redundancies are on the cards at Royal Bank of Canada's custody arm, RBC Investor and Treasury Services, after it confirmed it will be closing its Melbourne operations and moving the entire Australian business to its Sydney headquarters.Read more: Melbourne operations, RBC Investor and Treasury Services, Sydney, Australia, Royal Bank of Canada, Investment, AM, Australian Custodial Services Association, Goldman Sachs JBWere Asset Management
Life insurers will take on more risks and shun safe-haven assets in a bid to bump up returns in 2022.
AMP has appointed a new head of portfolio management for its troubled multi-asset group (MAG), hiring from Pendal.
A new study shows close to 80% of institutional investors and wealth managers are now looking favourably upon cryptocurrencies, citing strong capital growth and diversification benefits.
American Century has launched a global small-cap fund targeting Australian wholesale investors.
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