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HSBC makes alternatives push

JAMIE WILLIAMSON  |  THURSDAY, 17 JUN 2021
... strong track record of building and transforming businesses, I am confident that we will take our alternatives business to the next level and accelerate this important growth opportunity."

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... there are now more Federal Reserve Board members and Federal Reserve Bank presidents thinking that there would be a rate rise next year increased to seven at the June meeting (from four three months earlier) and those predicting higher interest rates ...

Perennial to launch fund, hires

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... companies. We are delighted to welcome her to the Perennial team," Smith said. Chan added she was looking forward to the next phase of her career in the pre-IPO and private raisings space. "The private raisings sector has played a critical role in ensuring ...

State Street launches dedicated crypto, blockchain business

JAMIE WILLIAMSON  |  FRIDAY, 11 JUN 2021
... transforming to a digital economy, and we see digital assets as one of the most significant forces impacting our industry over the next five years," State Street Corporation chair and chief executive Ron O'Hanley said. "Digital assets are quickly becoming ...

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
... explain the US equity market's opposing reaction to the two most important indicators the Fed watches in determining its next policy move only a month apart? Wall Street rallied last month when the US Bureau of Labor Statistics (BLS) reported that ...

AMP Capital announces new chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 11 JUN 2021
... its strategy and the proposed demerger of the private markets businesses which is expected to complete in the first half of next year. Johnson will begin his role on 28 June 2021. He will be based initially in Sydney, Australia but will work on a global ...

Cashwerkz takes stake in boutique, plans rebrand

KANIKA SOOD  |  THURSDAY, 10 JUN 2021
... TGM. The first of these hurdles is a successful capital raise, when TGM becomes eligible for up to 1.5 million rights. The next two are pegged to TGM hitting $2 million and then $4 million in NPAT, which will make it eligible for five million rights ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... Monash received all relevant approvals by February 2021 after working with the ASX and ASIC. Shareholder approval was the next step and 99.98% of shareholders voted in favour of the proposal in May 2021 with the board, including chair Paul Clitheroe ...

New chief operating officer at Zurich

KARREN VERGARA  |  WEDNESDAY, 9 JUN 2021
... history of leadership and strategic thinking make him the ideal person for this role to support and oversee SGLA through the next evolution of our business." Pearce said: "I am excited and feel privileged to take over this role at a pivotal time for ...

PRI chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
... from Australia I would, but this is not practical or indeed possible. And so, the time has come to pass on the baton to the next passionate leader in responsible investment." Reynolds said an orderly transition will be her top priority and she will maintain ...