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|Former chief executive of CGU Insurance, Duncan West, has been appointed executive general manager, insurance for MLC and NAB Wealth. "Duncan will be responsible for the continued growth of MLC and NAB Wealth's insurance business with three key areas ...|
|CalPERS, the largest pension fund in the US, achieved a 12.5 percent net return on investments for the 2010 calendar year, pushing its assets under management to US$225.7 billion. While the returns mark the second straight calendar year of double-digit ...|
|K2 Asset Management has appointed 11-year industry veteran Jeff Thomson to its international equities team. Thomson joins K2 after roles at London-based Thames River Capital LLP and Coronation Fund Managers. Prior to that he worked as an equities analyst ...|
|... that although 2011 could be a catch up year for the Australian market, the February reporting season will be patchy and company outlook comment likely to be conservative. "This reflects the weak domestic economic conditions in Australia since last June ...|
|Don Hamson, managing director of Plato, has recruited another former member of his active equities team at State Street Global Advisors, with Mark Thompson joining the boutique fund as a senior portfolio manager. Thompson joins Plato from GMO, where ...|
|Poor share market returns are continuing to inflict damage on super funds with median returns for the 12 months to end September coming in at only 3.7 per cent. The results are contained in the latest SelectingSuper crediting rates survey conducted ...|
|Yellow Brick Road Wealth Management has appointed Scott Walters, former head of financial planning at Mercer Wealth Solutions, to the role of retail head of financial planning. Walters will be responsible for leading and growing all aspects of the retail ...|
|... announced this morning. Wan brings ten years funds management experience in both Australian and Asian equities to the company, having most recently worked at Maple Brown Abbott, and prior to that, at Credit Suisse Asset Management, Citadel Investments. ...|
|Macro Currency Group has launched the Principal High Alpha Currency fund, a Dublin-registered qualifying investor fund with AUD$40 million of external seed capital. The Fund is a sub-fund of the Principal Global Opportunities Series and uses the same ...|
|Russell Investments is on track to roll out intra-fund advice as part of its administration model upgrades. According to a press statement released this morning, Russell announced it would introduce intra-fund advice to support its member engagement ...|
Willis Towers Watson (WTW) has announced a new head of retirement for Australasia as Brad Jeffrey retires after serving 40 years with the company.
Perpetual Investment Management has appointed a new custodian, replacing RBC Investor and Treasury Services following its exit from the Australian market.
Zenith Investment Partners has partnered with MSCI to enhance the delivery of institutional-grade portfolio analysis, service scalability, insights and reporting to its managed account portfolio clients.
The neobank has become the first Australian bank to return its customer deposits after it withdrew its banking products and announced the return of its authorised deposit-taking institution (ADI) licence.
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