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Cbus Super chief to exit

KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
... strong as ever and now is the right time to hand over the reins to a new leader," he added. "The timing is right for the next chief executive to take the fund forward." The next chief executive Atkin informed Bracks of his decision to leave last week ...

Bank of Mum and Dad forking out serious dosh

ALLY SELBY  |  TUESDAY, 14 JAN 2020
... will be okay, and are immensely proud to be able to help their children and provide a family legacy of providing for the next generation." However, financial adviser Troy Theobald said Boomers are starting to feel the pinch. "Baby Boomers are dealing ...

Crestone bolsters team

ELIZABETH MCARTHUR  |  TUESDAY, 14 JAN 2020
... our business model that Crestone can attract advisers of this calibre." "Each was looking for specific qualities in their next business opportunity. Crestone was able to clearly demonstrate these attributes, making the decision to join us an easy one ...

Franklin Templeton veteran readies two funds

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... funds to private wealth firms and wholesale clients down under. Bahamas-based Holowesko Partners is aiming to launch in the next two months local versions of its long/short global equities fund, which has been running since 2001 and a long-only equities ...

MLC Wealth hires technology chief

JAMIE WILLIAMSON  |  MONDAY, 13 JAN 2020
... in recent months, with Lloyd saying her is creating a "dynamic and high performing team to lead the business through its next phase of evolution". Other recent appointments include Anthony Lane as chief operating officer and Andrew Morgan as chief commercial ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... majority of 99 - which allows the bill to sail through to the House of Lords where peers will begin line by line scrutiny next week." This the latest news from The Independent, headed "Boris Johnson news: Brexit legislation passes Commons..." News? Brexit ...

Industry veteran set to launch new fund

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
An industry veteran is gearing up to launch a new fund next week, focusing on Australian equities. Julia Lee, founder and chief investment officer of Burman Invest, left her role at Bell Direct after 11 years at the end of 2019 to launch her new business ...

Masterfunds up $26 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... that jumped 16.5% to $164.6 billion. The growth in FUM was led by netwealth which has 31.3% boost, Xplore Wealth had the next best year for FUM growth with 8.8%, IOOF saw an 8% increase and Commonwealth/Colonial saw 5%. There was more modest growth at ...

UK pension fund expands offering, climate risk policy

JAMIE WILLIAMSON  |  TUESDAY, 7 JAN 2020
... further recognition that we have the right people and structures in place." He said adding the OPS offering was the natural next step for Nest, adding that the scheme already has the necessary resources to manage the additional responsibilities. It will ...

Chief economist update: Missing the burning forests for the surplus tree

BENJAMIN ONG  |  TUESDAY, 7 JAN 2020
... certainly give the Australian economy a leg up. Another certainty, it would take a miracle for Scott Morrison to win the next election. Australians won't be able to forget that picture of him "hanging loose" in Hawaii while Australia burns.