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Aussie blockchain investor goes global

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... consortium. Blockchain is really just the backend database that most users won't ever see. When used efficiently, end users will not even know it is there. "Whether it is a private or public blockchain will depend on the use case, however it represents ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... who conducted the review - said the prudential regulator could do better by taking stronger action earlier when entities are not cooperative or open. APRA should be more willing to set public examples, he said. "To remain effective, we must continue ...

BMO Global Asset Management creates new role

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... much-respected leader and colleague and we wish him the very best for his retirement." BMO says that the new structure will not impact regionally aligned teams or existing investment processes.

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
Equity markets everywhere may not be climbing in a straight line, but they are climbing. This is happening against a backdrop of continued global economic and financial uncertainties. In its 'World Economic Outlook, April 2019' report - where ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
... dismissal and victimisation," IFM said. "Both parties believe the terms of the settlement to be fair, and importantly, do not restrict Ms. Abildgaard from discussing the case." "All legal proceedings will now cease." Abildgaard left IFM and is a trustee ...

Industry fund appoints former Rest GM

HARRISON WORLEY  |  MONDAY, 15 APR 2019
A $2.8 billion industry superannuation fund is welcoming a former Rest general manager to lead its member experience capability. Club Plus Super appointed Beth Parkin as its new head of member experience, as the fund aims for a larger membership base. ...

Freedom to divest all operations

KARREN VERGARA  |  MONDAY, 15 APR 2019
... this morning that it agreed in principle to sell its policy administration business to a third party for $5 million. It will not disclose the service provider's name before entering into the underlying agreement. The payment will go towards paying ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... Australian Financial Review (AFR) printed that, "It's in a delicate situation. In terms of general direction, we're not surprised [prices have fallen]... That said, [the] downturn has been a bit bigger." This echoes HSBC currency strategist Tom ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... class action "is speculative and without foundation". "IOOF takes its continuous disclosure obligations seriously. It does not engage in misleading or deceptive conduct," the group said. "IOOF intends to defend this claim." Quinn Emanuel filed its class ...

NZ Super dumps guns

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... either shift data management to third party providers or move to the cloud," Hart said. The fund confirmed its investment is not in data centre operation, but in the leasing of data centre facilities and infrastructure right across North America, including ...