Industry Updates

Recruit 2 Advice expands recruitment services with further hires

Recruit 2 Advice, a provider of recruitment and advisory solutions in the financial services industry, appointed John Rey Baclayon and Graham Smith as client services specialist and consultant, respectively.

Bentham appoints to wholesale distribution manager

Investment manager Bentham Asset Management has promoted Larry Francis to wholesale distribution manager for NSW and Queensland. 

Valuation frequency must be weighed carefully: Frontier

Investment consultancy Frontier Advisors is working with Australian asset owners to hold fund managers accountable for appropriate valuation of unlisted assets.

Global X launches commodities ETF on ASX

ETF provider Global X has launched the Bloomberg Commodity ETF (Synthetic) (BCOM) on the ASX.

Jollie to step down as abrdn MD

Brett Jollie will step down as managing director of abrdn on 21 July due to the completion of the restructuring of the Australian arm of the business.

FAAA achieves over 8700 membership renewals

The Financial Advice Association Australia has achieved over 8,700 membership renewals in the 2024 financial year.

Investors grappling with cost management challenges

An asset owner survey conducted by bfinance has found that investors worldwide are grappling with cost management challenges amid persistent inflation, heightened ESG requirements, and regulatory burdens. 

ASFI begins work on sustainable finance capability

The Australian Sustainable Finance Institute has begun work to improve capability across the finance sector and support a stronger pipeline of talent into the industry. 

Mercer appoints three non-executive directors

Mercer has appointed three non-executive directors to its fiduciary boards.

Federated Hermes appoints investment director

Federated Hermes has appointed Sian Long as investment director of impact and sustainable equity strategies. 

Nuveen launches RE strategy for private wealth clients

Global asset manager Nuveen has launched the Global Cities Real Estate Fund, its first locally-domiciled unit trust for Australian private wealth clients.

Grow wins HESTA admin mandate

Building on the relationship with Mercy Super, Grow Inc. will supply administration services to HESTA.

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