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AXA IM launches Investment Institute

CASSANDRA BALDINI  |  FRIDAY, 10 JUN 2022
AXA Investment Managers announced the launch of AXA IM investment institute and appointed chief investment officer Chris Iggo as chair. The new platform aims to give clients insights on macro events, views on asset classes and long-term future trends ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
... identified in the Bergin Report. "The probity assessment has also resulted in certain persons being approved to become 'close associates' of Crown Sydney," Crawford said. "These approvals are a key step in the Authority's ongoing work to ensure Crown ...

VFMC grows fixed income team

JAMIE WILLIAMSON  |  THURSDAY, 9 JUN 2022
... the group's more than $1 billion in fixed income investments. Prior to that he was an execution trader at State Street for close to three years and has also worked in fixed income trading sales at Bloomberg. He has also previously held roles with Curve ...

ACSI bolsters engagement capabilities

JAMIE WILLIAMSON  |  THURSDAY, 9 JUN 2022
... team. She joins from Apostle Funds Management where she was a portfolio manager for the past year. Prior to that she spent close to eight years at AMP Capital, most recently as ethical investments manager, multi-asset group. Manning has also held a range ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
... upfront commissions, 26% a combination of fees and commissions and 10% charge level commissions. The survey also found that close to 70% of advisers don't believe consumers will pay a fee for risk insurance advice, likely explaining why just 6% of respondents ...

ACCC delays approval of Link Group acquisition

JAMIE WILLIAMSON  |  MONDAY, 6 JUN 2022
The Australian Competition and Consumer Commission is delaying its decision on the proposed acquisition of Link Group by Dye & Durham Corporation, which was expected this week. The ACCC was due to announce its decision on Thursday, June 9. It will now ...

TAL welcomes new chair

JAMIE WILLIAMSON  |  FRIDAY, 3 JUN 2022
... as chair of TAL, with Mark Joiner set to replace him. Boyle joined the TAL board as chair in September 2014. Now, after close to eight years, he has decided to retire. In doing so, he hands over the reins to Mark Joiner. In announcing his decision, Boyle ...

TCorp appoints head of investment stewardship

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
A former Mercer executive will lead TCorp's investment stewardship efforts, bringing close to 20 years' experience in ESG to the team. TCorp has appointed Alexis Cheang as head of investment stewardship, reporting directly to chief investment officer ...

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
The chief executive of DWS Group is leaving the group next week, having resigned citing the ongoing allegations of greenwashing by the investment giant. DWS announced overnight that Asoka Woehrmann has decided to resign following the company's annual ...

Deutsche Bank, DWS raided over greenwashing

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUN 2022
... number of investments," the Frankfurt public prosecutor's office said. Following the news, the DWS share price dropped by close to 2%, as did that of Deutsche Bank's. This raid came just a month after another on Deutsche's offices were raided over claims ...