Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 304 results for "ACS"

Investors welcome Rio resignations

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
Chief executive of Rio Tinto, Jean-Sebastien Jacques, will step down following pressure from investors and indigenous leaders over the destruction of the Juukan Gorge in May. Rio Tinto said the decision was made following the board review of the company's ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
There's an unlikely user of the government's current amnesty for employers who underpaid SG - a Sydney superannuation fund, which is currently reimbursing shortfalls to staff. Australian Catholic Superannuation and Retirement Fund underpaid ...

Northern Trust races up custody league tables

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
This year's market turmoil has shuffled the lineup of biggest custody players, with NAB Asset Servicing falling two spots and Northern Trust inching up to the second-largest custodian in Australia. Australian Custodial Services Association's ...

Boe Pahari steps down

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Boe Pahari has stepped down as chief executive of AMP Capital and AMP chair David Murray has resigned. The chair of AMP Capital will also depart. AMP has announced that Pahari will step down as AMP Capital chief executive, effective immediately, and ...

ACSRF, NGS Super explore merger

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
The two industry funds have signed a memorandum of understanding and will begin due diligence to explore a merger that could create a $21.5 billion superannuation fund. The $9.5 billion Australian Catholic Superannuation and Retirement Fund and the ...

Chief executives cop pay cuts

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
Australia's top ranking bosses have endured pay cuts as boards have reined in bonuses ahead of the COVID-19 pandemic according to the Australian Council of Superannuation Investors (ACSI). ACSI's CEO Pay in ASX200 Companies research shows that ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
A $21 billion superannuation fund has renewed J.P. Morgan as its custodian for another five years. TelstraSuper renewed the contract after a market assessment. TelstraSuper head of investment operations Miles Mallick said J.P. Morgan's emphasis on delivering ...

Macquarie tops mandate league tables

KANIKA SOOD  |  FRIDAY, 10 JUL 2020
Local institutional investors handed out $43.5 billion of funds management mandates in the year to March end and Macquarie had the most wins, latest league tables from Rainmaker show. Superannuation funds, investment managers (via sub-advisory relationships) ...

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in. Peter Toth, formerly chief executive of OM Holdings, was promoted ...

Eaton Vance wins super fund mandate

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
A $9 billion superannuation fund has mandated Eaton Vance for a slice of equity allocations for its retired members, with the goal of providing downside protection while meeting specific yield targets. Australian Catholic Superannuation Retirement Fund ...