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Showing 671 - 680 of 6229 results for "MER"

Mercer Super loses state leaders

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
Mercer Super has confirmed the departure of Victoria state leader Marcus Carr following a restructure. Carr's counterpart in New South Wales and Queensland Nathan Der Stepanian has also left the firm. Carr - who has been with Mercer for over 16 ...

Legalsuper investment strategy lead departs

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
The head of investment strategy at legalsuper has jumped ship for a chief investment officer role. Linda Trusler, who worked for the $5 billion superannuation fund dedicated to the legal community for almost five years, has joined Rajomon Asset Management ...

NGS Super finds new administrator

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
NGS Super has selected a new administrator to replace Mercer, which has been providing its services for 14 years. Following a review of the $14 billion super fund's administration operating model in February 2023, NGS Super chose G​ROW Inc ​(GROW)​​ ...

Macquarie consortium bids for technology firm

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
Macquarie Capital, as part of a consortium, is attempting to take over a global software and technology company for about $1.5 billion. The consortium that also comprises Stirling Square Capital Partners and TA Associates via Giant BidCo want to acquire ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
Praemium's platform dedicated to the high-net-worth segment, Powerwrap, has lost $334 million in funds under administration (FUA) after a small number of financial advisers switched advice groups. The ASX-listed firm said the exit of advisers in the ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
The financial advice industry started the new year with 15,650 advisers, holding relatively steady compared to this time last year. Rainmaker Information's tally of qualified professionals has decreased 1% year on year - a net loss of 214 advisers. ...

FEAL board welcomes Ian Patrick

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
Australian Retirement Trust chief investment officer Ian Patrick will replace Paul Watson on the board following the latter's resignation from Hostplus as group executive of member experience. Welcoming Patrick to the board, The Fund Executives ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...

EQT operations, finance chief steps down

KARREN VERGARA  |  MONDAY, 18 DEC 2023
Philip Gentry, Equity Trustee's (EQT) chief operating officer and chief financial officer, is stepping down from the dual roles after eight years. EQT board chair Carol Schwartz said Gentry "played a pivotal role in helping reshape EQT". "His contribution ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ...