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| | | State Super, the SAS Trustee Corporation, has named a new member of its board, saying the appointment will add to the trustee's governance structure. Pharmacy Guild of Australia (NSW Branch) state director Daniel Kicuroski will join the board, adding ... |
| | | | Actuaries Institute and UTS Human Technology Institute (HTI) have partnered to launch a practical risk management guide to help financial services firms manage artificial intelligence (AI) risks. With rapid AI adoption, the Institutes note governance ... |
| | | | Brighter Super and JANA are among a group of Australian institutional investors who have injected $705 million into Nuveen's Arcmont Asset Management European direct lending strategy. Brighter Super, JANA Private Credit Trust and two other Australian ... |
| | | | Total superannuation assets hit nearly $4.8 trillion in the last financial year, marking a 9% rise, namely driven by the rise of industry funds. APRA's newly released statistics for the year ending June 30 showed Australians' retirement savings ... |
| | | | Macquarie has appointed a new head of wrap platform after Michelle Weber stepped down from the role following a 13-year tenure at the company. Chloe Neil has taken on the role, and will be responsible for the strategy, growth and management of Macquarie's ... |
| | | | Invesco Asia Pacific chief Andrew Lo will retire from the global asset manager next March after 32 years with the firm, closing out more than three decades spent building its presence and partnerships across the region. Marty Franc will succeed Lo as ... |
| | | | KKR, alongside other co-investors, have agreed to sell USI Insurance Services to Aon for $24 billion (US$17bn). USI is an insurance brokerage and consulting business across risk, employee benefits and retirement solutions, and boast more than 10,500 ... |
| | | | Australian Unity will wind down Platypus Asset Management, its wholly owned Australian equities fund manager, following a strategic review of the business. Australian Unity chief executive, wealth and capital markets, Balaji Gopal said the business ... |
| | | | Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise. Hejaz Islamic Super had 2600 members and more than $98 million in ... |
| | | | Kaplan Funds Management has shuttered its $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA. As trustee, Diversa Trustees told investors the move reflects the rising costs and compliance obligations ... |
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