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Skandia appoints head of retail distribution

Skandia has appointed ex-ING sales head Wes Gillett as its new head of retail distribution. Gillett will lead the Skandia retail platform sales team with a brief to oversee sales and adviser relationships nationally. Prior to joining Skandia, Gillett ...

Asia marching on faster than expected

ALEX DUNNIN  |  FRIDAY, 7 DEC 2007
Growing intra-region trade within emerging markets is pushing Asia to the centre of world financial affairs faster than we realise. "Fifty per cent of all world trade now has an Asian leg," said Craig Weeks, senior vice president of global trade services ...

Market wrap - midday

AAP  |  TUESDAY, 4 DEC 2007
The Australian stock market remained in the red at noon, dragged down by a poor lead from the US overnight and lower base metal prices. At 1200 AEDT, the benchmark S&P/ASX200 index was 21.4 points lower to 6512.1, while the All Ordinaries had shed 27 ...

Transparency in advice is key: Tucker

MICHAEL HOBBS  |  MONDAY, 3 DEC 2007
To change the cultural perception of planners as product floggers and sales reps, the financial planning industry needs to re-configure the way advice is delivered to clients to include more transparency and understanding, said Steve Tucker, chief executive ...

Reinventing financial planning

MICHAEL HOBBS, MICHELLE BALTAZAR  |  FRIDAY, 30 NOV 2007
More Australians will seek financial advice if the financial planning industry goes through a fundamental structural reform and gets rid of commission-driven fees. Chartered accountant Robert M.C. Brown has written a discussion paper debunking some ...

All aboard SimCorp Xpress

Exotic instruments could soon become familiar territory to Australian-based fund managers after software specialist SimCorp expanded XpressInstruments, a software module for alternative investments. Visiting Australia last week, SimCorp's global chief ...

Pioneer appoints head of sales

European investment giant Pioneer Investments has appointed former MFS International senior exec Stephen Teoh to head of sales and distribution for Australia. Teoh will be based in Singapore and will report jointly to Angus Stening, chief executive ...

HSBC brings alts business Down Under

HSBC joins the growing list of alternatives specialists in Australia with its newly established business, HSBC Alternative Investments Limited (HAIL). HAIL Australia will distribute funds of hedge funds (FOHFs) to local wholesale investors and cater ...

Securitised assets get RAMmed

WWW.THESHEET.COM  |  TUESDAY, 27 NOV 2007
... company was no longer a going concern. He went on to say that the company, to be called RHG Ltd after the completion of the sale of its brand and franchise operation to Westpac in January, will exist "only to service and collect the income from what ...

AXA locks and loads

CHRIS NICHOLLS  |  FRIDAY, 23 NOV 2007
AXA is using its global muscle to provide superannuation members with a fund that can lock in gains each year, just like a capital-protected managed fund, and potentially, on a weekly or monthly basis in the future. The Australian launch of North, a ...