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Showing 241 - 250 of 696 results for "Custodian"

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... that by way of member outcomes, it's the reverse. However, he said he is conscious of the fact that AustralianSuper is custodian of a large amount of money on behalf of two million Australians. "If that can be contributed into the economy to increase ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map. The Financial Services Council and Industry Super Australia have aired uniquely different perspectives ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... activities relating to cash settlements for high value payments that were previously conducted by Northern Trust's sub-custodian in Australia," the company said in a statement. Northern Trust country executive, Australia Angelo Calvitto said: "This move ...

Northern Trust tests waters for ETFs

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
... not in a position to put a timeframe on it but it is [something under review]." Northern Trust is the sixth-largest custodian in Australia with more than $400 billion in assets under custody and prime contracts for many not-for-profit funds such as Future ...

Northern Trust hires from State Street

KANIKA SOOD  |  TUESDAY, 3 SEP 2019
... we are independent, have no conflicts in the target manager and legacy manager and we already know the assets as the custodian [for some clients]," he said. Northern Trust is eyeing asset owners, such the $2.9 trillion superannuation sector and asset ...

Link Group offloads share registry

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
ASX listed Link Group will sell its 74.85% stake in a share registry for $21.5 million. The holding in share registry Link Market Services South Africa (LMS South Africa) will be sold to JSE Limited. Link managing director John McMurtrie said: "JSE ...

J.P. Morgan loses custody contract

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
A $34 billion public sector fund has appointed a new custodian, ending a 19 year-long relationship with J.P. Morgan. Funds SA has selected Northern Trust as its custodian, after a long tender process. In September last year, Funds SA said it had invited ...

New boutique awards mandate to RBC I&TS

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
A new boutique fund manager has appointed RBC Investor & Treasury Services (RBC I&TS) as its new custodian. RBC I&TS will provide custody and fund administration services for Melior Investment Management, which launched its flagship Melior Australian ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... custody and funds administration relationship with J.P. Morgan with a new mandate. Neuberger Berman used J.P. Morgan as custodian when it launched its $413 million high-yield fixed income listed investment trust last year. It is now expanding the relationship ...

Perpetual wins trustee mandate

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
An infrastructure fund aiming to invest $500 million over five years has chosen Perpetual Corporate Trust as its custodian and wholesale trustee. Impact Investment Partners' new fund, called the Indigenous Infrastructure Fund (IIF), is a private wholesale ...