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State Street creates head of Australia role

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... appointed a long serving J.P. Morgan executive as its first country head for Australia. Joining in the newly created role from next month is Tim Helyar, currently J.P. Morgan's head of fund services product development, securities services for Asia ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... "It is important for our members that we act quickly to ensure that our MySuper products not only meet the benchmark test next year but outperform it in the long run," CFS Superannuation chief executive Kelly Power said. "This is our top priority to ...

What family offices want: Report

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... future generations. Rather, 66% are aiming to grow their capital and 61% are targeting returns of between 6% and 10% over the next five years. KPMG Australia lead partner, family office business Robyn Langsford said the report shows that family offices ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... and superannuation licensees to be preparing now to ensure they are ready to comply with the new requirements," he said. Next year, the prudential regulator will release new reporting and disclosure requirements on remuneration for consultation.

Frontier wins NZ client

ANNABELLE DICKSON  |  MONDAY, 18 OCT 2021
... chosen based on cultural alignment along with a tailored approach to growing the trust. "TECT is evolving and planning for the next growth phase for the portfolio. As part of that, the trustees are keen to broaden our investment opportunities. Frontier's ...

Economic recap: Week to October 15

BENJAMIN ONG  |  MONDAY, 18 OCT 2021
... provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate. Participants noted that if a decision to begin tapering purchases occurred at the next ...

AZ NGA acquires regional advice firm

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
AZ Next Generation Advisory has acquired a regional financial advice firm with $250 million in funds under management. AZ NGA is expanding to the New South Wales Hunter Region by acquiring RI Newcastle and Lower Hunter for an undisclosed amount. RI ...

Aware Super makes investment team changes

ELIZABETH MCARTHUR  |  THURSDAY, 14 OCT 2021
... innovate our approach and consider not just today's investments but long-term trends and opportunities." He added that over the next five years the fund expects to double the size of its investment team and to expand offshore.

Global equities ETFs surge

ANNABELLE DICKSON  |  WEDNESDAY, 13 OCT 2021
... continues and we stay on the same growth trajectory as the last few years, we estimate the Australian ETF industry will reach the next $100 billion of AUM in half the time it took to reach the first $100 billion - which would be a remarkable feat," Tieu ...

AMP Capital appoints chair, deputy for Private Markets

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... business leaders who will bring deep experience, market knowledge and integrity to the board of private markets when it lists next year. Both have led significant financial institutions and have the experience of bringing businesses to a share market ...