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BlackRock to develop super SMA

JOHN MCDULING  |  WEDNESDAY, 29 SEP 2010
... managed accounts (SMA) in Australia, revealed plans to launch a superannuation version of its customised portfolio service next year. James Langlands, co-head of customised portfolio solutions at BlackRock told Financial Standard that its plans to launch ...

ASX chief to step down

JOHN MCDULING  |  WEDNESDAY, 29 SEP 2010
ASX managing director and chief executive officer Robert Elstone is to step down in July next year, the company revealed today. In a statement to the exchange released ahead of its annual general meeting, chairman David Gonski revealed that Elstone ...

CFSGAM appoints senior analyst

ELISE BURGESS  |  WEDNESDAY, 29 SEP 2010
... appointed former Concord Capital buy side senior analyst, Oliver Ansted, as senior analyst and portfolio manager. Starting next month, Ansted will take on the role of senior analyst / portfolio manager in the Equities Growth team of CFSGAM where he will ...

Wonderfully wrong September

BENJAMIN ONG  |  WEDNESDAY, 29 SEP 2010
... closing, my calculations show that the S&P 500 index would need to drop by 8.6 per cent - and the Dow by 7.8 per cent - in the next two days to erase all of this month's gains. Given the still very fluid nature of the financial markets, these numbers ...

Premium Investors cuts cost, restructures

RUTH LIEW  |  TUESDAY, 28 SEP 2010
... Investors underwent a forced off-market buy back, company chair Tom Collins flagged cost savings of more than 40 per cent next year as part of a business restructure. Last Friday, the firm released a newsletter to investors highlighting cost-cutting ...

ANZ to open Chengdu centre

MEDIA RELEASE  |  TUESDAY, 28 SEP 2010
... continued expansion and growth." "We have invested in growth through the establishment of our locally incorporated subsidiary next week, our plan to open up to 20 new outlets by 2013 and the continuing growth in customer business linked to our super ...

SWIFT slashes messaging cost

ELISE BURGESS  |  FRIDAY, 24 SEP 2010
... financial messaging services, is planning to reduce its price of messaging on its core FIN service by an average of 20 percent next year. According to the company, the 20 per cent reduction is part of a targeted 50 percent price reduction over five years ...

Tower wins Virgin Money mandate

RUTH LIEW  |  FRIDAY, 24 SEP 2010
... expanding its financial services suite of products, which includes superannuation and credit cards, to life insurance early next year. The products will be delivered through a newly formed alliance with Tower Australia. The products will incorporate ...

Speaker chaos could derail super reforms

... ABC is correct, as the government's numbers on the floor would be 76 to 73. Parliament is set to meet for the first time next Tuesday. This week's chaos simply confirms how crucial parliamentary tactics now are, not just for the government but also for ...

CommInsure wins industry fund mandates

MEDIA RELEASE  |  WEDNESDAY, 22 SEP 2010
... general public. CommInsure has also recently been reappointed by industry fund Care Super to insure their members for the next three years. Extending their partnership to seven years, CommInsure worked closely with both Care Super and broking and consulting ...