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Janus Henderson strengthens institutional team

ANNABELLE DICKSON  |  WEDNESDAY, 3 MAR 2021
In a series of promotions, Janus Henderson Investors has appointed a new head of institutional business for Australia and head of consultant relations. Tom Kelly has been promoted to head of institutional business for Australia from his role as institutional ...

Chief economist update: Getting better, but not better enough

BENJAMIN ONG  |  WEDNESDAY, 3 MAR 2021
"Betterer and betterer!" Like Alice who "quite forgot how to speak good English", there appears to be universal optimism over the economic outlook as central banks watch "through the looking glass". This sentiment is echoed by the Reserve Bank of Australia ...

Yarra Capital acquires Nikko AM Australian business

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
... equities and fixed income fund managers. The transaction, which remains subject to certain regulatory approvals, is expected to close in April 2021. At completion, Nikko AM's Australian equities business will be rebranded as Tyndall, returning the ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
Aware Super is exploring the possibility of merging with a 63-year-old industry superannuation fund. Aware Super has signed a Memorandum of Understanding with the Victorian Independent Schools Superannuation Fund (VISSF), looking into whether a merger ...

Australia to echo UK advice growth

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
Australia's advice industry is tipped to grow to that of the UK market, evidenced by technology adoption throughout COVID-19, according to Intelliflo. The UK-based financial advice technology provider referred to various reforms in the UK, such as the ...

Wingate announces acquisition

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
Wingate has announced the acquisition of a significant equity interest in Fifo Capital Australia. Fifo provides invoice, supply chain and trade finance solutions to over 3000 Australian businesses. Wingate and Fifo have worked closely together since ...

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
The government has hinted heavily that the legislated increase to the superannuation guarantee will be delayed as Australians need more capital throughout their working life. Speaking at the Council on the Ageing (COTA) Australia's National Policy ...

Industry fund CIO resigns

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The investments chief of a not-for-profit fund will leave after five years in the post. LUCRF Super chief investment officer Leigh Gavin will stay until Easter with the fund, sister publication Industry Moves first confirmed. Gavin joined LUCRF in May ...

Link flags PEXA listing

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform. Link, together with Morgan Stanley Infrastructure Partners and Commonwealth ...

Most ethical companies revealed

ELIZABETH MCARTHUR  |  THURSDAY, 25 FEB 2021
... software-based model John Deere is pursuing means that farmers will lose the right to repair their tractors, which can cost close to $1 million, having to wait for an authorised repair person and pay John Deere when machinery needs to be fixed. Multi-level ...