Industry Updates

Robin Bowerman retires from Vanguard

The head of Vanguard’s corporate affairs group, Robin Bowerman, is retiring after 19 years at the organisation.

Finder subsidiary sued by ASIC for running crypto product without AFSL

ASIC has commenced civil penalty proceedings in the Federal Court against Finder Wallet for allegedly providing unlicensed financial services, breaching product disclosure requirements, and failing to comply with Design and Distribution Obligations concerning its crypto-asset-related product, Finder Earn.

Decrease in estate grants: Equity Trustees

There has been an increase in grants from testamentary and perpetual charitable trusts and decrease from estates, according to research from Equity Trustees.

Apex wins fund services mandate

Investment advisory firm Kayne Anderson Rudnick Investment Management (KAR) has appointed global financial services provider Apex Group to service its Global Small Cap Fund and support its independent custody services.

Australian advice firms poised to close the gap to the best in the world

A continued focus on managing compliance and regulatory change sees the best Australian advice firms lagging the performance of their global peers. But the gap may begin to close as local firms begin to focus on the same things that drive performance for leading firms around the world.

FPA/AFA merger enters second round of member consultation

The Financial Planning Association and the Association of Financial Advisers have entered the second round of consultation with members on the proposed merger of the two associations.

‘I don’t know how they’ve still got their jobs’: Investors continue to grapple with RBA decisions

Professional investors have expressed disappointment over how central banks poorly forecasted inflation with more negatives effects expected.

Global X launches global carbon ETF

Global X has launched net-zero emission focused Global Carbon ETF (Synthetic) (GCO2).

Alphinity strengthens quantitative research & trading capabilities

Alphinity Investment Management appointed Nick Ying as a quant analyst and trader.

ClearLife Capital selects Equity Trustees for AU/NZ long short fund

Investment firm ClearLife Capital has selected Equity Trustees to be the trustee for its new Opportunities Fund.

Aviva Investors appoints new head of real assets research

Aviva Investors has appointed David Hedalen as head of real assets research.

Lifespan appoints Jonathan Pain to its investment committee

Lifespan Financial Planning has appointed Jonathan Pain to its investment committee.

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