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Search ResultsShowing 1 - 10 of 100+ results for "Trust"
Statewide appoints new chief technology officer
ELIZABETH MCARTHUR  |  WEDNESDAY, 21 OCT 2020
Statewide Super has hired a new chief technology officer who previously headed up technology and security at Sunsuper. David Cook will step into the role at the $10 billion industry fund. He spent a total of seven years at Sunsuper, six of those as ...
Societe Generale fined over client breaches
ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... fined $15,000 for a breach where the transferring sale proceeds from international trading in client's securities from trust accounts into its general bank account. The second breach of the Act and occurred when Pershing failed to ensure that client ...
Sam Henderson sentenced
ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... further $3000 for dishonest conduct in relation to a financial service. "As a financial adviser, Mr Henderson built a level of trust with his clients. However, by engaging in dishonest conduct, he broke that trust. His sentencing sends a strong message ...
Risk but no reward in institutional equities portfolios
KANIKA SOOD  |  MONDAY, 19 OCT 2020
Northern Trust Asset Management peeked into the equities portfolios of 200 institutional managers and found nearly 66% of the risk they took didn't yield rewards. The quant manager studied 200 portfolios (1000 strategies totaling $200 billion plus in ...
bfinance names client consultant
ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
Independent investment consultant bfinance has appointed a client consultant to lead institutional investor expansion in Australia. Daniele Goldberg joins from Lloyds Banking Group where she has been for over a decade in both London and Sydney and was ...
Derivatives issuer cops $75m penalty
ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... advancing such a purpose, the account managers engaged by or on behalf of the defendants explicitly sought to and did win the trust of vulnerable investors." The justice said the serious nature of the contraventions, along with the need to send a clear ...
Fresh fundies outperform
ALLY SELBY  |  THURSDAY, 15 OCT 2020
A small cap fund backed by two fresh-faced investors with no prior funds management experience has managed to outperform the benchmark consistently since its inception in July 2018. As of August 31, Spatium Capital's Small Companies Fund returned ...
Nambawan Super board member resigns
KARREN VERGARA  |  THURSDAY, 15 OCT 2020
A member of Papua New Guinea's Nambawan Super board as stepped down to avoid potential conflicts of interest after accepting a new role at a bank. Lesieli Taviri joined the super fund as a trustee director in 2014. She is the former chief executive ...
Northern Trust scores $20bn mandate
KARREN VERGARA  |  THURSDAY, 15 OCT 2020
Northern Trust has been awarded a $19.8 billion pension fund mandate by a leading retailer, replacing a longstanding partnership with State Street. Marks & Spencer's Pension Trust appointed Northern Trust to provide asset servicing solutions, such ...
APRA highlights heatmaps success
ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
In its annual report, APRA highlighted the success of its MySuper heatmaps initiative - despite new government reform possibly making heatmaps redundant after they were only in effect for one year. Following the Royal Commission, one of APRA's objectives ...
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