Industry Updates

REST appoints strategy and data leaders

Super fund REST has appointed Kareene Koh as general manager of strategy and Florence La Carbona as general manager of data and insights.

Zurich Australia appoints chief risk officer

Zurich has appointed David Wainwright as its chief risk officer for Australia and New Zealand.

Former ASIC Commissioner to chair Insignia trustee board

Insignia Financial has appointed former ASIC Commissioner Danielle Press as chair and non-executive director of the Insignia Financial trustees.

Fitzpatricks appoints CEO

Fitzpatricks Financial Group has appointed Andrew Fairweather as chief executive.

Ponzi scheme director receives 11-year prison sentence

Former Courtenay House director Tony Iervasi has been sentenced to 11 years imprisonment for criminal charges relating to the operation of the firm’s Ponzi scheme.

Sherlock Wealth names CEO

Sherlock Wealth has appointed Andrew Sherlock as its CEO, taking over from his wife Jacqui Sherlock who is stepping down after eight years in the role.

Betashares completes acquisition of Bendigo Super

Betashares has completed the acquisition of the $1.4 billion Bendigo Superannuation, officially marking its entry to the retirement industry.  

ASIC calls on super funds to better engage with millennials

ASIC’s Moneysmart has urged super funds to better engage with millennial members and improve services, transparency and access to information, following a roundtable with financial advisers, research and content creators.  

State Street Global Advisors invests in fintech Raiz

Asset manager State Street Global Advisors has agreed to acquire five percent equity of fintech platform Raiz. 

CALI opens grant program for female risk advisers

The Council of Australian Life Insurers has opened applications for its annual ReCALIbrate program, designed to support women who are risk advisers in the industry. 

BUSSQ seeks judicial review of APRA action over CFMEU

Queensland-based super fund BUSSQ has sought a judicial review in the federal court regarding APRA’s recent decision to impose additional licence conditions on the fund.  

ASIC wins case against Kraken crypto exchange operator Bit Trade

The Federal Court has ruled Bit Trade, operator of Kraken crypto exchange in Australia, failed to comply with Design and Distribution Obligation requirements when offering a margin trading product. 

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