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| | | NAB named a former Commonwealth Bank executive as its new group chief executive and managing director. Ross McEwan will take over the top job no later than April 2020, the group announced today. McEwan has been chief executive of Royal Bank of Scotland ... |
| | | | Alternatives managers continued to win the biggest slice of institutional mandates awarded in Australia in the year to March end, according to the latest Rainmaker Mandate Chaser report. Not-for-profit superannuation funds and investment managers handed ... |
| | | | Aussie investors were keen on fixed income ETFs but cooled off on currency and commodities ETFs in the first half, as strong inflows and buoyant markets pushed the total FUM over the $50 billion mark. ETFs attracted $4.4 billion in net inflows in the ... |
| | | | A $34 billion public sector fund has appointed a new custodian, ending a 19 year-long relationship with J.P. Morgan. Funds SA has selected Northern Trust as its custodian, after a long tender process. In September last year, Funds SA said it had invited ... |
| | | | The demand for self-managed superannuation fund advice has stagnated over the last decade, while overall satisfaction with financial planners has declined to a seven-year low. This is according to Vanguard and Investment Trends' March 2019 SMSF Report ... |
| | | | Charter Hall's Direct Industrial Fund No.4 (DIF4) scored Lonsec's top rating. The independent research house rated DIF4 as Highly Recommended, noting its portfolio was 100% occupied by "high-quality tenants" and was well positioned in terms of future ... |
| | | | Queensland-based superannuation fund LGIAsuper has doubled down on its efforts to rebuke the current trend of consolidation sweeping the sector. In a post to its website, chief executive of the $12 billion fund, Kate Farrar said LGIAsuper was not seeking ... |
| | | | Industry funds have widened their lead over retail funds in how satisfied their members are with their fund's financial performance over the last 12 months, according to latest Roy Morgan research. In May last year, 62% of industry fund members said ... |
| | | | Deutsche Bank is pushing past a "difficult period" by overhauling its global operations, resulting in 18,000 employees losing their jobs. The European bank announced overnight it will exit global equities functions of sales and trading, but retain an ... |
| | | | Some of Australia's best-known and listed fund management companies are falling behind their ASX 200 counterparts in disclosing ESG factors about their companies, according to a new report. Magellan Financial, Pendal Group and Platinum Asset Management ... |
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