Industry Updates

SQM head of research departs

After nine years as head of research at SQM, Rob da Silva has announced his departure.

Kaplan launches ‘MBA-style’ corporate workshops

Education provider Kaplan Professional is launching a national series of corporate workshops designed for leaders in financial services who recognise the need to adapt to the changing post-pandemic workplace dynamics.

Aware Super reconfigures high growth options

Industry super fund Aware Super has introduced an actively-managed high growth socially conscious option and high growth indexed option to complement its core high growth actively managed option.

Morrison Securities pays $333k infringement notice

Morrison Securities has paid a penalty of $333,000 to comply with an infringement notice issued by the Markets Disciplinary Panel.

AMP practices indicating 15-20 pc capacity increase post-QAR: George

AMP chief executive Alexis George says the licensee’s practices will be willing to take on more clients if the government’s Quality of Advice Review response turns into regulatory change. However, she believes the issue of general advice has been overlooked as a way to better serve a different part of the market.

CEO, new staff are weakest links in cyber defense

The Achilles’ heel of a company’s cyber security defense is a revolving door of staff and rule-bending managers, according to Cyber Collective founder Fraser Jack.

GQG Partners nabs Magellan BDM

GQG Partners has appointed Victoria Flygare as director for business development across South Australia and Western Australia, after a 10-year stint at Magellan.

Pengana appoints two executives to lead private credit offering

Pengana Capital Group has appointed Nehemiah Richardson and Charles Finkelstein as managing director and chief investment officer of Pengana Credit, respectively.

Cbus appoints CIO

Industry fund Cbus Super has promoted deputy chief investment officer Brett Chatfield to the CIO role.

FIIG Securities hit with cyber breach

The IT systems for fixed income provider FIIG Securities have been temporarily disabled amid the firm being subject to a ransomware attack.

BT to stay with ‘committed parent’ Westpac

The big four bank will hold onto a streamlined BT business, with CEO Matt Rady saying the backing of the major institution gives the platform provider certainty, as well as leverage. Not wanting to be sent to a competitor, the choices came down to private equity or staying with the bank.

Taking advantage of alternatives

Alternative investments have always offered unique opportunities and benefits to investors, but how advisers approach utilising the asset class in client portfolios requires a unique, nuanced approach.

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