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ASX-listed multi-boutique names new CEO

ALEX BURKE  |  FRIDAY, 22 JUN 2018
An ASX-listed multi-boutique with $70 billion in assets under management worldwide has named its new chief executive. Paul Greenwood takes the reins at Pacific Current Group having previously been the group's chief investment officer and co-founder. ...

BTFG adviser distribution team reshuffles

DARREN SNYDER  |  THURSDAY, 21 JUN 2018
BT Financial Group head of adviser distribution Jo Moxey is leaving her role to pursue another opportunity within Westpac. A BTFG spokesperson confirmed the move this morning and said the group is proposing further changes inside its adviser distribution ...

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
"In the current circumstances, members agreed that it was more likely that the next move in the cash rate would be up, rather than down." Reserve Bank of Australia governor Philip Lowe declared this in many of his recent speeches, the statement was ...

Cbus aims to reduce costs through internalisation

ALEX BURKE  |  WEDNESDAY, 20 JUN 2018
In a speech at the Master Builders Australia National Leaders Summit in Canberra, Cbus chief investment officer Kristian Fok said his fund aims to manage at least 35% of its assets internally by 2022, thereby reducing costs by about 18 basis points. ...

Agricultural asset manager promotes new fund

KANIKA SOOD  |  MONDAY, 18 JUN 2018
Growth Farms, the $440 million specialist agricultural asset manager, has launched a new trust-structure fund that will buy rent-generating agricultural properties. Its Australian Agricultural Lease Fund is looking for total investment up to $100 million ...

TAL bolsters senior leadership

KARREN VERGARA  |  MONDAY, 18 JUN 2018
... will lead a team to manage a portfolio of client relationships. White was previously technical sales manager at MetLife for close to two years and was the head of client relationship management. He joined MetLife in 2010 as an account manager. TAL general ...

ASX on the lookout for new CFO

HARRISON WORLEY  |  MONDAY, 18 JUN 2018
... long-term CFO. Ramy Aziz' eight-year tenure as the ASX chief financial officer will come to an end in September, bringing to a close 12 years of service with the market operator. ASX managing director and chief executive Dominic Stevens praised Aziz ...

Investors drive third SCA unlisted retail fund

HARRISON WORLEY  |  FRIDAY, 15 JUN 2018
Investor demand is the driving force behind the launch of a third unlisted retail fund from $2.5 billion property group SCA. SCA Property Group launched SURF 3, the third iteration of its unlisted retail fund strategy SURF, as retail investors seek ...

Chief economist update: ECB cannot be any clearer

BENJAMIN ONG  |  FRIDAY, 15 JUN 2018
... that while they have yet to reach their final destination - "convergence of inflation towards levels that are below, but close to, 2% over the medium term" - it's near...very near. This is underscored by the revised inflation projections from the ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... Powell, "is another sign that the US economy is in great shape. Growth is strong. Labour markets are strong. Inflation is close to target." Perhaps, growth is even stronger. The movement in the dot plots indicates that Fed participants now expect another ...