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T. Rowe Price appoints head of intermediary

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... "Jonathon's extensive experience, enthusiasm and high energy approach are the perfect qualities to lead the team through the next stage of growth," said Hall. "He has been an integral part of T. Rowe Price's growth and success in the intermediary channel ...

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
... technology, the benefits to Powerwrap shareholders are clear to the board and we encourage Powerwrap shareholders to take the next step in the company's journey." Praemium recently reported a 26% increase in global funds under administration, as ...

Cbus chief technology officer departs

ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... "Rob Pickering will be leaving Cbus in mid-October. We thank him for his contribution to the fund and wish him well in his next endeavours," a spokesperson for the fund said. In July, Pickering told Financial Standard that under his leadership the fund ...

IAG names chief from within

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
... manager before being named as a partner. Commenting on his appointment Hawkins said: "I am excited to lead IAG during its next phase of growth and ensure the company emerges from the economic downturn as a strong, resilient organisation." "Insurance ...

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... operational, Nance said half are less than $1 billion in size and a further 60 are less than $10 billion. "Our view is that over the next three to five years, we will get down to 30-50 super funds; five to 10 in the mega range, 20-30 in the mid-sized ...

CalPERS scrutinises CIO personal investments

KARREN VERGARA  |  THURSDAY, 17 SEP 2020
... to influence a governmental decision in which they have a financial interest." CalPERS is in the process of recruiting the next chief investment officer. Deputy chief investment officer Dan Bienvenue has stepped in the role in an acting capacity. CalPERS ...

Aware Super joins forces with Dutch pension fund

ALLY SELBY  |  THURSDAY, 17 SEP 2020
... see the aparthotel provider grow its portfolio to a gross asset value in excess of $810 million (€500 million) over the next four years. City ID is one of the leading aparthotel providers in Amsterdam, and currently has three operational assets with ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... The Fed also upgraded its unemployment rate predictions to 7.6% this year (from 9.3% forecast in June), 5.5% (from 6.5%) next year, and 4.6% (from 5.5%) in 2022 and 4% in 2023. A seamless and positive narrative if I may say so. Then again, cast your ...

Global equities manager hires GM

KARREN VERGARA  |  WEDNESDAY, 16 SEP 2020
... has been instrumental in me wanting to join. I am excited to be part of the team, and look forward to contributing to the next phase of growth for the business." Chief executive Jamie Mead said this announcement is another important milestone in Talaria's ...

New ETF set to debut on ASX

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
A new growth ETF which mirrors a strategy with a 20-year track record is set to list on the ASX early next month, aiming to achieve returns of 2% per annum above the S&P/ASX 200 benchmark at a 0.97% management fee. Intelligent Investor's Australian ...