Archives for 2019

DWS has won a EUR 2.2 billion (A$3.5 billion) mandate from ANZ Private in Australia to provide Tactical Asset Allocation advisory services around its multi-asset model portfolios. Commenced in the third quarter of 2019, DWS also joined ANZ Private’s investment council as part of the mandate. It will assist the group’s investment council on global… [Read More…]

The government introduced the financial institution conduct licensing legislation last night in a move that will impose tough new conditions on a wide range of entities. According to the explanatory note, the new Financial Markets (Conduct of Institutions) Amendment Bill, covers “at this stage… registered banks, licensed insurers, and licensed non-bank deposit takers and to… [Read More…]

Aegis clients are in line for a front-end upgrade as new owners, MMC, start work on re-energising the faded platform after officially settling the deal last week. In a release to Aegis users post-settlement, Tom Reiher, MMC managing director, said the fund administration firm was looking to integrate a range of front-end tools offered by… [Read More…]

Christchurch-based adviser services and platform provider, Consilium, has targeted an April 2020 launch date for its reupholstered FNZ-built wrap. Dubbed ‘Wrap 2.0’, the next-level platform taps into the latest FNZ global technology, Consilium managing director, Scott Alman, said in a release. “Some key benefits for advisory businesses include Wrap 2.0’s interactive dashboarding, a toolbox to help… [Read More…]

Wellington-based financial services firm, Booster, is considering a tilt at the superannuation master trust business. David Beattie, Booster principal, said while the employer super master trust market was a mature business, there were still opportunities for the right offering. “We would be able to apply some of our KiwiSaver functionality adapted to meet specific employer… [Read More…]

Pie Funds Management has reclassified portfolio manager, Mike Ross, as an ‘investment research consultant’, following his shift to Sydney. Paul Gregory, Pie head of investments, said the title redo was in deference to Australian regulations that may have captured Ross under local rules as a portfolio manager. Ross would continue with his usual Pie duties… [Read More…]

NZ companies will come under increasing pressure from investors to cut carbon emissions, a new Forsyth Barr study suggests. The comprehensive Forsyth Barr analysis titled ‘The Carbon Report’, says the “growth in sustainable investing has been significant in recent years”. “We suggest below that there are valuation consequences for heavy carbon emitters,” the report says…. [Read More…]

The Australasian wealth management industry is gearing up for growth in 2020 with both hiring intentions and optimism on the rise, just-released survey results show. According to the SUPER Recruiters survey, almost two-thirds of respondents tipped 2020 would be better for their own businesses and the industry as a whole. “More respondents to this year’s… [Read More…]

BennBridge, a subsidiary of Australian multi-affiliate manager Benelong Funds Management, has taken on board the emerging markets team which announced its departure from Janus Henderson this year, under a new UK-based global affiliate, Skerryvore Asset Management. It has confirmed six people into key roles. Skerryvore’s managing partner Glen Finegan, who announced the UK-based boutique in… [Read More…]

The passive investment trend is unevenly distributed across the planet, according to a new McKinsey&Co report, with Australia and Japan the world’s biggest index fans. Almost 60 per cent of institutional money in Australia and Japan is indexed, the McKinsey study shows, compared to just 12 per cent in the rest of Asia and 17… [Read More…]