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Investment manager appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... recent role, he was CBA's state manager for corporate and institutional agribusiness for Victoria and Tasmania. He spent close to 10 years in the role, implementing over $1 billion in financing solutions for clients and building the bank's business ...

QIC signs US investment partnership

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
... the university which will go towards its education and innovation in higher education and research. The deal reached final close in December, 2018 and QIC has now shortlisted candidates to act as MasParc's general manager and independent board chair. ...

Willis Towers Watson adds cyber specialist

HARRISON WORLEY  |  THURSDAY, 24 JAN 2019
Willis Towers Watson appointed a cyber specialist to its Australian arm. Benjamin Di Marco links with Willis Towers Watson from law firm Clyde & Co, where he spent almost four years, eventually establishing the firm's data privacy and cyber insurance ...

NEOS Life expands to the west coast

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Retail life insurance provider NEOS Life is expanding in Western Australia with the help of three former AIA Australia staff. Reon Botha will lead the Western Australian sales team as state manager. He joined from AIA Australia where he was a senior ...

Ethical investments top mandate appointments

JAMIE WILLIAMSON  |  TUESDAY, 22 JAN 2019
... property (up 21%) and hedge funds (up 19%) rounded out the top five. Allocations to alternatives also grew to now account for close to half of all new mandate appointments at 44%. The funds allocated to the asset class stands at 18.3% of the broad market ...

Chief economist update: Policy normalisation interrupted

BENJAMIN ONG  |  TUESDAY, 22 JAN 2019
What a world of difference a year makes! The International Monetary Fund (IMF) has just released its World Economic Outlook Update, the heading: A Weakening Global Expansion. Says it all, really...and for a synopsis: "The global expansion has weakened. ...

SMSF returns not accurate in Productivity Commission report

KANIKA SOOD  |  MONDAY, 21 JAN 2019
The Productivity Commission's final report quoted SMSF costs at "close to double" of the actual cost of running SMSFs $500,000 or less in net assets, Class said. In July last year, Class made a submission to the PC saying APRA and ATO used different ...

Millions of Australian's suffering from financial stress: AMP

HARRISON WORLEY  |  MONDAY, 21 JAN 2019
Financial stress is burdening close to 2.5 million Australians, according to AMP. Releasing its Financial Wellness report this week, AMP said it found two in every five Australian workers faced financial stress during their careers, costing businesses ...

Young Aussies backing world's biggest brands

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
Young Australians are increasingly investing in the hot international stocks they know and love, latest nabtrade data shows. Latest figures from nabtrade show young traders entered the market in record numbers in 2018, with the number of Gen Z investors ...

UniSuper awards fixed income mandate

KANIKA SOOD  |  FRIDAY, 18 JAN 2019
... has won, but it has another $600 million in commitments on top of $1.4 billion currently deployed. Even though retail is close to $500 million of its total assets under management, Coote says there are no immediate plans for a listed version of the strategy ...