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MGP chief executive departs

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
... four years in the top job. MGP said in a statement that Heather "leaves by mutual agreement as the company embarks on its next stage of growth and development." Don Sharp, who stepped down as executive chair on Monday to become acting group chief financial ...

Industry fund appoints chief executive

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... strong investment performance and established a strong, capable and cohesive leadership team. It is exciting to lead the next phase of the organisation's growth and development."

QIC adds to global infrastructure team

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
... responsibility for origination. Read about where QIC's Ross Israel sees investment opportunities, in Financial Standard's next print edition out February 25.

Chief economist update: Unchanged RBNZ stance would force it to change stance

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... retain its neutral stance on policy - "We expect to keep the OCR at this level through 2019 and 2020. The direction of our next OCR move could be up or down." Certainly not after its twin cousin (if there's such a biological metaphor) across the ...

QSuper hires head of employers

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
... retire at the end of September. He joined QSuper as an interim chief officer in 2008 and was permanently appointed to the role next year. The fund credited him for building the fund's in-house investment management team from ground up.

Netflix-style shopping for funds

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
... Along with his co-founder, Hirst is looking to penetrate about 2% of a $7.1 billion market across seven jurisdictions in the next eight years. The company recently launched a minimum viable product, and has a couple of fund clients. The way it works ...

FASEA confirms code of ethics standard

HARRISON WORLEY  |  TUESDAY, 12 FEB 2019
... Following a period of consultation, the code of ethics set to govern the behaviour of financial planners and advisers from next year has been confirmed. On Monday, FASEA released the legislative instrument and explanatory statement of its code of ethics ...

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... "Going forward, we do expect the tougher financial environment to take its toll on the volume of new home building over the next few years. Larger apartment projects will probably see the biggest reduction," Garrett said. This week we ask if Commission ...

Ideas give insight to opportunity: Vanguard

HARRISON WORLEY  |  TUESDAY, 12 FEB 2019
... agency talking about." He said the opportunity would "not manifest tomorrow," but said it was there for the taking within the next five to six years "if we are bold enough to look out that far." "This does not mean there may not be a recession between ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... it cyclical. It is slowing but it's not going to throw Australia into a recession or lead to lower interest rates in the next nine to 12 months, she added.