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SMSF expert joins AMP board

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
Former SMSF Association chief executive Andrea Slattery is set to take a seat on AMP's board next month. Joining as a non-executive director, Slattery will begin her tenure at AMP on February 15. She left a non-executive director position at Centrepoint ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
A forecast of trends influencing banking over the next 12 months cites vertically integrated business models continuing to give way to platform and marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for ...

Formica finds new CEO role

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... Jupiter Fund Management board said it originally envisaged that any chief executive transition would likely occur over the next two years. However, after identifying Formica as a potential successor, the board accelerated its plans. In 2018, Formica ...

Investment manager appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... investment period. "Having seen IPO Wealth develop over the past year I am delighted to be leading the team through this next phase of growth. We have some exciting developments in the pipeline that will benefit existing and new investors seeking consistent ...

QIC signs US investment partnership

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
... a 50-year lease to manage the operation of the Ohio State University's 36,000-space parking system in 2012. Over the next five years, it spent US $24 million in major repairs and made a number of other changes. QIC paid the university a one-time ...

Labour and housing drive rate sentiment

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
... point of discussion when top economists and industry professionals meet at the Financial Standard Chief Economists Forum next month in Sydney and Melbourne. DWS Asia Pacific chief investment officer and global head of emerging markets, Sean Taylor, thinks ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... working with my leadership team to modernise and improve our business for the benefit of our clients," Lloyd said. "Over the next 12 months, we will be implementing a number of initiatives across the business to ensure our clients have access to competitive ...

Avenir eyes insto investors

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... added $5 million in funds under management since joining Fidante. It is looking to add new institutional investors in the next six months. This year it will also focus on platform listings, adviser and asset consultant relationships and ratings. "The ...

Wells Fargo AM chief moves to BMO

OSKAH DUNNIN  |  THURSDAY, 24 JAN 2019
... challenges they face. Her asset management expertise, creativity, and technological acumen will be a strong catalyst in our next chapter of growth," she said. Mitchem oversaw 28 independent investment teams at Wells Fargo. She has held positions at State ...

Industry Super Australia forecasts a rate cut

KANIKA SOOD  |  THURSDAY, 24 JAN 2019
Industry Super Australia's chief economist said the RBA's next move on the cash rate could be downwards. ISA chief economist Stephen Anthony said it is likely the Reserve Bank of Australia could shave 25 basis points off the 1.5% cash rate in the fourth ...