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Former CBA executive nabs industry body lead role

ALLY SELBY  |  THURSDAY, 21 MAY 2020
A former Commonwealth Bank executive has nabbed a new chief executive role, following an extensive national recruitment process. The Insurance Council of Australia has announced the appointment of Andrew Hall as chief executive and executive director ...

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
Forget Australia's simmering political and trade tension with China, there's one building right inside our very borders. Canberra's worried that Beijing's ban on beef imports, increased tariff on barley could extend to boycott of Australia's ...

Challenger launches new retirement tool

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
Challenger has launched a new tool to help retirees and pre-retirees better understand the financial realities of retirement. The annuity provider has today launched Retire with Confidence, a tool designed to help retirees understand how long their ...

Performance analyst jobs hold steady in COVID-19

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
Performance analysts and more broadly, investment data professionals have been in strong demand throughout the COVID-19 pandemic, according to Kaizen Recruitment. The role -- with responsibilities including calculating, attributing and benchmarking ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
"Tell him he's dreaming!" The Australian Bureau of Statistics' (ABS) report showing that the country's unemployment rose from 5.2% in March to ONLY 6.2% in April surely is a pleasant dream considering the nightmarish backdrop of the long ...

Chief economist update: Powell blamed for fall on Wall Street

BENJAMIN ONG  |  THURSDAY, 14 MAY 2020
Was it something I said? Yes sir, Mr. US Fed chair Jerome Powell, it was. Today's headlines not only infer, but blame your words for the fall on Wall Street overnight. The Wall Street Journal published: "The Dow Jones Industrial Average dropped ...

Chief economist update: Easing does it (again)

BENJAMIN ONG  |  TUESDAY, 12 MAY 2020
Easing of central bank monetary policy settings helped equity markets rebound and economies to recover from the "Great Recession" wrought by the Global Financial Crisis of 2009. Easing - this time, of social distancing and lockdown restrictions (implemented ...

Active share, past outperformance can predict returns

KANIKA SOOD  |  MONDAY, 11 MAY 2020
A new study argues that separately managed accounts with high active shares and a history of outperformance can be expected to continue delivering in the future. Active share, which was introduced by Cremers and Petajisto in 2009, is calculated as the ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
"Happiness equals reality minus expectations". Tom Magliozzi's famous five words appear to have made their way to Wall Street. For how else is one to explain the rally on 'the wall' - S&P 500 up 1.7%; DJIA up 1.9%; Nasdaq up 1.6%; Russell ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
During the AMP annual general meeting chair David Murray defended the pay packet chief executive Francesco De Ferrari and the board continue to take home despite the company's woes. The 2019 AMP remuneration report was rejected by shareholders. ...