Investment News

Harbour Asset Management and Trustees Executors (TE) have emerged as partners in a new venture spearheaded by Darren Howlin, founder of Australian firm Research IP. Early in December, Howlin registered a new NZ company, Formosa Wealth, with both Harbour and TE as shareholders. Both Harbour chief operating officer, Ruari McGregor, and TE … [Read More...] about TE, Harbour, Research IP board for platform journey

Consilium has promoted Dayle McDonald to the new position of head of wrap solutions ahead of a platform upgrade due to switch on next April. McDonald has risen rapidly through the Consilium ranks since joining the Christchurch-based financial advisory services business in 2013 as a client support representative. Until recently she was a key … [Read More...] about Young ‘veteran’ steps up to top platform role; BNZ looks inside for private bank head; in-and-out for AMP board

A group of NZ fund managers is pushing for substantial changes to proposed government mandatory climate change-related financial disclosures. In a submission on the Ministry of Business, Innovation and Employment (MBIE) climate disclosure proposals, the panel of local fund managers – including Mint and Nikko – argues the hastily-produced … [Read More...] about Local managers cool on climate change disclosure measures

In its first study of remuneration for senior super fund executives, start-up research firm Open Director has attempted to analyse correlations between fund performance and total executive pay packets. The good news is the highest paid tend to be among the best-performing funds. The bad news is that there are some outliers. Open Director founder … [Read More...] about Aussie super fund salaries versus performance – it’s mostly good news

The government’s $300 million venture capital fund cleared for take-off last week after receiving almost-unanimous parliamentary support. However, the Venture Capital Fund (VCF) legislation copped a few last-minute changes including two clauses extending direct government influence over the proposed investment vehicle. Under the amendments, … [Read More...] about Parliament signs off on more ‘inclusive’ $300m venture fund

For the first time since inception in 2013, the Depository Trust & Clearing Corporation (DTCC) Systemic Risk Barometer Survey is flashing geopolitics above cyber-security as the number one danger to global financial stability. According to the annual DTCC risk survey, 23 per cent of respondents across the global financial services industry … [Read More...] about Geopolitics trumps cyber-concerns in global financial worry gauge

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 … [Read More...] about DWS wins big global TAA mandate from ANZ Private