Bet on contrarian funds, not the top performers; Asian banks hunting for talent in Europe; Wealth management a drag on Australian banks.
Tag: Australia
Aviva Investors unveils multi-strategy fund in Australia
The Aviva Investors Multi-Strategy (AIMS) Target Return Fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia’s base rate over any rolling three-year period, the firm said. The current Australian base rate, called the cash rate, is 2.25%. “No matter who they are, investors want simple and specific outcomes […]
US based Ariel Investments forays in Sydney
Ian Webber, who was most recently country head and director of sales for Asia-Pacific at Artio Global Investors, will lead the business in the region, the firm said. Webber has 15 years of experience and has worked with firms such as JP Morgan Investment Management, Salomon Smith Barney/Citigroup Asset Management and AXA Rosenberg Investment Management. […]
Capital Group expands North Asia sales team
In Korea, Andrew Hwang joined the firm as a director of strategic solutions. Hwang was poached from Janus Capital, where he was responsible for non-Japan Asia business development. Prior to that, he had also worked with BNY Mellon Asset Management for product development and strategy in the region. In Taiwan, Berry Hsieh came over from […]
Trio of acquisitions fast-tracks Henderson’s pan-Asian growth
The first acquisition sees Henderson acquire Perennial Fixed Interest Partners and Perennial Growth Management from IOOF and each company’s employee shareholders, while the second sees the firm increase its stake in 90 Western Asset Management to 100% from 41%.
Asian fund passport targeted for 2016 launch
Finance officials and regulators from the six Asia Pacific Economic Cooperation (APEC) members who are leading the development of the Asia Region Fund Passport have just concluded a week of meetings in Singapore to iron out the details of the proposal. The six countries are Australia, Korea, New Zealand, the Philippines, Singapore and Thailand. “We […]
Northern Trust sets up sales and client service team in Australia
The firm said it has hired BlackRock’s former vice president, Shane Teunissen, as senior institutional sales manager. Teunissen has more than 14 years of industry experience working across Australia and New Zealand. In addition to Teunissen’s appointment, the firm has named Ann-Marie Garry as sales associate. She joined Northern Trust following its acquisition of Bank […]
AMP Capital global infrastructure platform
AMP Capital said that it has raised more than $540m in new commitments for its global infrastructure platform during the last six months, which has resulted in a first close for the AMP Capital Global Infrastructure Fund and has put it closer to the platforms target of $2bn.
Nikko AM to launch new products in Australia
Nikko Asset Management is planning to offer new products to institutional and retail clients through its local subsidiaries in Australia and New Zealand.
Singapore signs FATCA agreement
Singapore and the United States have signed an agreement which will enable Singapore-based financial institutions to more easily comply with the US Foreign Account Tax Compliance Act.
