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Garry Laurence to depart Perpetual

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... Perpetual International Share Fund. Its internal global equity team led by Laurence will assist with the transition over the next six to eight weeks, with the management shifting to Barrow Hanley in September. It is understood that Laurence left by mutual ...

Westpac announces appointment, departure

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... Westpac has announced a new chief operating officer will join its ranks, while a group executive will leave the bank early next year. Scott Collary has nabbed the role and will lead Westpac's newly created group operating office, as the bank brings ...

Investment strategies need to change: GSFM

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... find an environment more uncertain than now," he said. "Other issues that will be firmly in investor's sights during the next decade are the tax costs of investing as well as embedding principles for responsible investment and a heightened consideration ...

Cbus appoints chief executive

JAMIE WILLIAMSON  |  MONDAY, 27 JUL 2020
... to improve the retirement outcomes of our members, Mr Arter is well placed to build on our strong foundations to guide the next period of Cbus' journey," Cbus chair Steve Bracks said. "I am absolutely confident Mr Arter will continue our 35-year-old ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... sustainability. Having so much coverage within super is a good start but there's more that can be done," Hume replied. In the next session, TAL chief executive Brett Clark, AIA chief executive Damien Mu and MLC Insurance chief life insurance officer ...

Australian Unity names chief executive

ALLY SELBY  |  MONDAY, 27 JUL 2020
... transfer well to Australian Unity and I am confident she will have a substantial impact in the group as we move through our next growth phase." Yates is an experienced executive, and currently serves as the executive director and board member of BNZ ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... by 2040 as a result of COVID-19, according to new analysis. The super industry was projected to hit $10 trillion over the next two decades, but Rainmaker Information has now revised this down to $7 trillion. This follows the news that more than $30 billion ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... recover from recession during fiscal 2021... We expect the general government's fiscal balance to improve during the next few years beyond the large deficit being incurred in fiscal 2021, and believe the government remains committed to fiscal discipline". ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... its custodian. We have a long and successful partnership, and look forward to further developing this relationship over the next five years," said J.P. Morgan head of securities services Australia and New Zealand Nadia Schiavon. TelstraSuper renewal ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... leaders of the 27 governments that make up the European Union (EU) unanimously agreed to an unprecedented €750 billion "Next Generation EU" (NGEU) Recovery Fund - to support member countries' recovery from the pandemic-induced recession, and multinational ...