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Showing 21 - 30 of 618 results for "custodian"

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
Future Super will soon transition to both a new administrator and custodian, with new contracts taking effect next month. The new mandates follow Future Super transitioning away from Diversa, appointing Equity Trustees as its trustee in July. "Future ...

BNP Paribas wins UniSuper mandate

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... mandate compliments the existing relationship between UniSuper and BNP Paribas, which became the super fund's master custodian in 2015 when it ended a 23-year relationship with NAB Asset Servicing. "We are very pleased to expand our relationship with ...

Apostle names global distribution lead

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... distribution since November 2019. Prior, he held senior roles with Legg Mason, Citigroup Asset Management, National Custodian Services, Cogent Investment Administration, and also worked with JP Morgan and State Street. Apostle managing director Karyn ...

BNP Paribas reappointed as custodian for wealth platform

ANDREW MCKEAN  |  FRIDAY, 15 SEP 2023
BNP Paribas' Securities Services will remain custodian for HUB24, the platform rapidly gaining market share. As part of the renewed mandate, BNP Paribas will extend its local and global custody services to HUB4, continuing a partnership that began ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees. Released this morning, the 2023 performance test marks the first time trustee-directed ...

Evolution Trustees responds to likely wholesale definition change

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... ensuring sufficient regulatory capital is on hand, creating and implementing compliance plans, and ensuring an eligible custodian is appointed. According to the consultation paper, about $900 billion is held in unregistered wholesale schemes. "It is ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The chief executive of online trading platform Selfwealth has left the ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the ...

Australian Unity, Cromwell to merge funds

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... and distribution stability. Fernandes added that Cromwell's reputation as a "leading real estate funds manager and a custodian of investors' capital" places the combined fund in good stead for future success. "We look forward to working with Cromwell ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... management fees on a like-for-like basis have declined. One asset manager participant said audit, tax preparation, and custodian fees seem to be rising in line with inflation. Another said the only area where costs have reduced is in equity brokerage ...

NAB progresses closure of custody arm

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... track with the wind down of its asset servicing business, including helping its existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving its Australian custody client ...