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NAB appoints ex-Genesys MD

ALEX BURKE  |  THURSDAY, 24 MAR 2016
NAB has appointed the new general manager of NAB Financial Planning. Tim Steele joins NAB from AMP-aligned practices Genesys and ipac, where he was managing director. He was a director of AMP's Horizons academy and created Horizons Financial Group. ...

J.P. Morgan wins in $5bn NZ custody review

ALEX BURKE  |  TUESDAY, 22 MAR 2016
J.P. Morgan has been re-selected by Annuitas for custody over the roughly $5 billion in assets in New Zealand's National Provident and Government Superannuation Funds. Annuitas was established in 2001 as a joint venture between the two funds and provides ...

Qualitas to finance boutique Waterloo apartments

KERRIE SYDEE  |  TUESDAY, 22 MAR 2016
Qualitas Opportunity Fund has announced it will provide mezzanine finance for the $107 million ICONIC Waterloo apartments and associated retail space. The joint venture between developers Thirdi and Milligan Group is the first asset to be financed by ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 22 MAR 2016
US existing home sales The National Association of Realtors reported that total sales of previously owned houses dropped by 7.1% to a seasonally adjusted annual rate of 5.08 million units in February - more than double consensus expectations for a 3.0% ...

FPA supports "bitter harvest" recommendations

ALEX BURKE  |  FRIDAY, 18 MAR 2016
The Financial Planning Association has come out in support of the Senate Economics References Committee's recommendations for stronger ASIC penalties and redefining the term "general advice". FPA chief executive Dante De Gori said that the FPA "recognises ...

BMO appoints institutional business director

KERRIE SYDEE  |  WEDNESDAY, 16 MAR 2016
BMO Global Asset Management has appointed Jonathan Goll as director of institutional business for BMO Global Asset Management Asia Pacific. Goll joins BMO Global Asset Management from Grantham, Mayo, Van Otterloo & Co. (GMO), a Boston based asset management ...

Data says not yet but what would Janet say?

BENJAMIN ONG  |  WEDNESDAY, 16 MAR 2016
There's a kind of hush in financial markets as focus turned to the Fed's FOMC meeting which started overnight. While the Fed is not expected to alter monetary policy at all at this month's meeting, there's a niggling sense of anticipation of what Janet's ...

Risk sales were flat in 2015

ALEX BURKE  |  TUESDAY, 15 MAR 2016
Overall life/risk insurance product sales were flat throughout 2015, according to DEXX&R research. DEXX&R's Life Analysis Report is based on the data provided for all business from Australian life insurance companies, and reveals that individual sales ...

Legg Mason Brandywine gets nod from Zenith

MARK SMITH  |  TUESDAY, 15 MAR 2016
The Legg Mason Brandywine Global Opportunistic Fixed Income Trust has been given a Highly Recommended rating by Zenith. In its report the researcher said: "Zenith's conviction is predicated on the extensive experience of the portfolio management team ...

PGI appoints institutional sales director

KERRIE SYDEE  |  TUESDAY, 15 MAR 2016
Principal Global Investors (PGI) has appointed Michael Gaffney as director of institutional sales, Australia. Gaffney joins PGI from nabInvest, where he served as an investment specialist with the institutional distribution team. Prior to that, he held ...