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Qualitas secures additional $300m mandate

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... basis, if ADIA committed incremental investment mandates totalling up to $1.7 billion. After this latest commitment, ADIA could now exercise those options in respect of up to around 29.3 million shares. The strike price is based on the volume-weighted ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... unreasonable; or an insurer making a decision under an annuity policy that is deemed unfair or unreasonable. AFCA's remit has now been expanded on the back of a Federal Court ruling in a MetLife case whereby the super complaint did not meet the definitions ...

Coller Capital hires former J.P. MAM executive

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2024
... appointed as head of international private wealth distribution. London-headquartered Coller established the PWSS unit in 2023 and now has a team of 30. Maeder said the appointment is testament to Coller's commitment of supporting the growing global private ...

Four out of five workers to search for new jobs: Hays

ANDREW MCKEAN  |  WEDNESDAY, 26 JUN 2024
... employers, the extremes of the past few years are stabilising, this leaves open the opportunity for the bold to take action now and gain the first mover's advantage." Hays went on to claim that the hybrid work debate is over, with 80% of NSW employees ...

Nominations open for FS Power50

STAFF WRITER  |  TUESDAY, 25 JUN 2024
Nominations for the 2024 Financial Standard Power50 are now open as we recognise the country's most influential advisers who continue to raise the standards for the profession and provide outstanding service to clients and the wider community. This ...

First Sentier Investors names people, culture lead

JAMIE WILLIAMSON  |  TUESDAY, 25 JUN 2024
... culture officer, commencing in the role this week. Adele Swan has been acting in the role for the past three months but has now been permanently appointed to the position. She replaces Melanie King who previously held the role for three years. Swan ...

AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... (BTRTO), located in Melbourne's northwest. Built in conjunction with property developer and operator Assemble, residents have now moved into 15 Thompson Street, Kensington. The BTRTO arrangement enables residents to secure their rent and purchase ...

UBS institutional client coverage lead departs

ELIZABETH FRY  |  MONDAY, 24 JUN 2024
... started his career as an account director at Perpetual back in 2002. It is understood that UBS country head Alison Telfer has now expanded her role and will also lead the institutional team following Fowler's exit. Telfer - appointed country head of ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... remainder of our forecast period. Dexus' stated net tangible assets (NTA) has declined materially since the pandemic and is now below our valuation." Morningstar said the high-quality portfolio should see Dexus perform better than most in the long ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024
... Renewables, Pacific Energy and Lochard Energy in Australia and Generate, Renewa and CenTrio in the US. QIC Infrastructure now actively manages a global portfolio of $33 billion with 22 direct investments across 5 OECD countries. The global team comprises ...