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Stephen Jones confirmed as financial services minister

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
Stephen Jones has today been sworn in as assistant treasurer and minister for financial services, replacing Jane Hume who had overseen the financial services portfolio since 2019. Jones has served as shadow financial services minister since 2019 and ...

Jarden appoints head of emerging companies research

CHLOE WALKER  |  WEDNESDAY, 1 JUN 2022
The investment and advisory group has announced the promotion of vice president, equity research Ben Brownette to the newly created role of head of emerging companies research. Brownette has over 10 years' experience in equities research, most recently ...

Mercer chief operating officer departs

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
Mercer's chief operating officer Chris Stevens has left the asset consultant. In a post, Stevens said: "After five years, I've made the difficult decision to leave Mercer and take a few months off to recharge the batteries before taking on the next ...

S&P launches agribusiness Index

CHLOE WALKER  |  TUESDAY, 31 MAY 2022
... production of agricultural products. At launch, the index will have 25 constituents with a combined market capitalisation of close to $30 billion. It selects companies from the largest 1000 stocks on the ASX and will also include 11 sub-industries such ...

Pendal appoints head of institutional

JAMIE WILLIAMSON  |  TUESDAY, 31 MAY 2022
... Tim North Ash. Based in Melbourne, Lambos replaces Nicki Ashton who is now managing director at Citi Australia. He brings close to 30 years' experience in financial services to the role and has been with Pendal for several years, having initially ...

AMP establishes AMP Investments

JAMIE WILLIAMSON  |  TUESDAY, 31 MAY 2022
With the transfer of the AMP Capital multi-asset group into its wealth management business now complete, AMP has created AMP Investments. Run by chief investment officer Anna Shelley, AMP Investments oversees $84.7 billion in assets which includes funds ...

Diversa culls more products

JAMIE WILLIAMSON  |  MONDAY, 30 MAY 2022
The latest round of cuts sees the closure of three more sub-plans. Earlier this year, Diversa moved to close four of its sub-plans - GROW Super, Brightday, MYONESUPER and Super Prophets - which collectively held about $70 million. Now, Diversa will ...

Evolving nature of investment operations boosts salaries

JAMIE WILLIAMSON  |  MONDAY, 30 MAY 2022
A limited talent pool is creating supply challenges in the investment operations space and driving salary increases, according to Kaizen Recruitment. Updating on salary trends in investment operations, Kaizen Recruitment said the theme of increased ...

Vanguard terminates multi-factor active ETF

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
... termination of the fund is in the best interests of investors as a whole," Vanguard said. The termination will be effective at close of trade on June 22. Investors will receive a special distribution on or about June 10 and a final distribution on or ...

ETFS Capital, WisdomTree in cooperation deal

CASSANDRA BALDINI  |  FRIDAY, 27 MAY 2022
Graham Tuckwell's ETFS Capital entered a cooperation agreement with WisdomTree, alongside Lion Point, to enhance WisdomTree's board of directors and corporate governance. Under the agreement, former State Street Global Advisors chief investment officer ...