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Future Fund deputy CIO jumps to Blue Owl

ELIZABETH FRY  |  FRIDAY, 26 APR 2024
... private equity team before being promoted to deputy investment chief two years ago. "We wish Alicia all the very best in her new role. She has made a tremendous contribution over the last five years, growing the private equity team, leading our asset ...

Sequoia chief's job at stake in upcoming EGM

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
... themselves. I remain as passionate about Sequoia and our team as I always have," he said. "Looking ahead, I have agreed to a new two-year contract with the board, during which time I will look to groom and mentor a suitable replacement for the business ...

Scott Farquhar steps down from Atlassian

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... when he steps down on August 31. Farquhar and Cannon-Brookes co-founded Atlassian in 2001 after meeting at the University of New South Wales. Cannon-Brookes said he had known Farquhar for nearly three decades and had "experienced every major life milestone ...

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... Strategy, approved in 2023, targets a market capitalisation of 120% of GDP, doubling the current 60%. Key initiatives include a new trading and settlement system, with priority directives from the prime minister to relevant ministries. If Vietnam gains ...

How to win in today's wealth management industry: EY

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... outperformance in asset and revenue growth, requiring a blend of strategic, operational, and tactical initiatives. It also means new approaches to client acquisition, activation and development, stronger brand differentiation, and opportunistic hiring ...

Mega super fund opens first international office

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... capability," Patrick said. "The team in Australian Retirement Trust's UK office will work with external investment managers to source new investment opportunities for our more than 2.3 million members. "Having an office in close proximity to our external ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... arrangements" for applications that are already in the system but not yet decided are resolved in a transitional way. "Then any new applications from the date of the change will be subject to the new refreshed provisions," he said. "I can only speculate ...

Dividends up but share buybacks fall: Janus Henderson

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... are cutting dividends as our forthcoming Global Dividend Index will show," Lofthouse said. "It's tempting to extrapolate a new trend of decline for buybacks. But one down year from multi-year highs is not evidence that this is happening. It is all about ...

FSC expands financial advice membership

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... network of members. Count, Fortnum Private Wealth, Infocus, Otivo, Rhombus Advisory, and WT Financial Group have joined FSC's new initiative. This new model of engagement will see the licensees contribute to the FSC's policy development processes. FSC ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... year's budget. "There is a window of opportunity now to significantly reduce the number of these pensions before the proposed new tax commences on 1 July 2025," Burgess said. Further, Division 296 will likely make the rules around reserves associated ...
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