Archives for 2018

ANZ head of wealth products, Ana-Marie Lockyer, is to leave the business by Christmas. The departure of Lockyer, whose product duties include the country’s largest pool of KiwiSaver funds, coincides with a group restructure triggered by the sale of ANZ’s life insurance business. This May US insurance giant Cigna purchased the ANZ-owned OnePath NZ life… [Read More…]

Auckland-based fund administration firm, MMC, has reorganised its management team, sourcing both a new head of registry and chief operating officer (COO) in-house. Chris Watson, previously MMC chief strategy officer, has stepped into the newly-created COO role while Scott McKelvie shifts from head of unit pricing to the head of registry job left vacant by… [Read More…]

After a 30-year career with AMP Capital NZ – including the last three as head of the business – Grant Hassell is finally leaving the building. Except he isn’t. When Hassell starts afresh next year as AMP Capital global head of fixed income it will be from the same Wellington waterfront office the group shifted… [Read More…]

Castle Point Funds Management has released a retail version of its long-established trans-Tasman shares strategy with a flurry of interest from a range of investors, according to co-founder, Richard Stubbs. Stubbs said the Auckland-based boutique launched the Castle Point Trans-Tasman Fund as a portfolio investment entity (PIE) following demand from financial advisers. “We’ve been pleasantly… [Read More…]

Parametric, the specialist implementation manager, has been awarded a $200 million global equities mandate by a by a big super fund. The bespoke mandate, which is worthy of a case study, addresses certain risk factors and concerns about unintended biases in factor-based portfolios. Unfortunately, the fund’s executives have requested anonymity. It is the manager’s first… [Read More…]

The Kiwi Wealth-owned platform smoothing access for New Zealanders to the US share market was voted best-in-show at the country’s third annual fintech conference last week. Hatch, which has transacted over $2 million since launch this October, secured 36 per cent of the NZ Fintech Summit crowd vote in the Xero start-up competition – enough… [Read More…]

RBC Investor & Treasury Services posed an interesting question to fund managers last week: “Is data creepy or cool?” The answer, probably, is: “both”. An eclectic group of fund managers gathered in Sydney and had their say on data, its collection and its management. And, an interesting further question is: ‘who owns the data?’ We… [Read More…]

UK regulators are weighing up a range of a measures to rein in potential risks posed by ‘cryptoassets’. Christopher Woolard, Financial Conduct Authority (FCA) executive director of strategy and competition, told a UK symposium that government agencies were mulling new control settings in the wake of a report on the cryptoasset sector. Woolard said the… [Read More…]

AMP Capital NZ has a new managing director after incumbent, Grant Hassell, stepped up to a new role in the group. Hassell has been named head of AMP Capital’s $72 billion global fixed income portfolio with his successor as NZ chief, Bevan Graham, to formally take up the job next January. Currently AMP Capital NZ… [Read More…]