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Showing 221 - 230 of 692 results for "custodian"

Northern Trust touts new ESG tool to instos

KANIKA SOOD  |  THURSDAY, 30 APR 2020
The fast-growing custodian is pitching a new ESG analytics tools to local superannuation funds and asset managers to track, compare and benchmark their ESG score. Northern Trust, which is best known in Australia as custodian to a number of public sector ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... issue for custodians. Insights from law firm Allens Linklaters on the impact of COVID-19 on investment funds found: "A custodian that is usually able to carry out an instruction to sign an agreement may be less able to do so when its authorised signatories ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... from ASIC to pay industry funding levy of $7275, charging Polymath about $6000 in levy for wholesale trustees, $724 for custodian, and $547 for wholesale personal advise. The invoice was an over 1000% increase over the previous year, and went down to ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... October 2020 to 31 March 2021, citing COVID-19. Another super fund, Funds SA has delayed its process of shifting to a new custodian amid the volatility.

Superannuation fund delays custodian swap

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
A $35 billion public sector superannuation fund has deferred its transition to a new custodian, citing heightened short-term risk from COVID-19. Funds SA last July said it would end its 19-year-long custody relationship with J.P. Morgan and move to ...

UniSuper suspends stock lending

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
UniSuper has instructed its custodian to recall all shares currently out on loan indefinitely. The $85 billion super fund has requested BNP Paribas Securities Services to suspend stock lending, effective immediately. UniSuper said restricting the ability ...

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
Global financial services giant Citi Group is planning to boost the presence of its Sydney-based securities services team, as it onboards a suite of new custody clients. Citi is expecting to build out its Sydney footprint after it finalised a client ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
The board of investment platform Raiz has replaced Australian Executors Trustees (AET) as its independent custodian, in what comes as the latest development in the Sargon saga. Raiz has appointed Perpetual Corporate Trust as its new independent custodian ...

More engagement with custodians needed: Report

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... awareness by clients that one size does not fit all," Brown said. "A simple example is how asset valuation from the custodian provides an independent basis for comparing investment performance, enables fund fiduciaries to monitor risk, and underpins ...

J.P. Morgan wins custody mandate

ELIZABETH MCARTHUR  |  THURSDAY, 16 JAN 2020
... cost savings for the company. "As part of the OnePlatform program mentioned in the update, Xplore will be moving to one custodian for all our offers," Xplore chief executive Michael Wright said. "J.P. Morgan was selected after a rigorous request for ...