Industry Updates

Dexus appoints CEO

Real estate asset manager Dexus has appointed Ross Du Vernet as CEO and executive director, effective from March 2024.  

FSCP hands out first published banning order

The Financial Services and Credit Panel has published its first banning order against an adviser, on the grounds they are insolvent under administration. 

NGS Super hit with additional licence conditions from APRA

APRA has imposed additional licence conditions on NGS Super over its lack of cyber controls.  

CSLR board appoints inaugural CEO

The Compensation Scheme of Last Resort transitional board has appointed David Bery as inaugural CEO and Delia Rickard as a non-executive director, ahead of the scheme's scheduled commencement in April 2024.

Super performance test shakeup on the card for government

The federal government has opened up to the idea of fine tuning the superannuation performance test, to account for member outcomes without holding back investment in economic priorities such as the net zero transformation and housing, following the third Treasurer’s Investor Roundtable in Canberra. 

AFCA makes independent board appointment

The Australian Financial Complaints Authority has appointed Heron Loban to its independent board, effective from 1 January 2024.  

Bravura promotes two to regional CEOs in global restructure

ASX-listed financial services software company Bravura Solutions has promoted Paul Dunn and Chris Spencer to CEOs of APAC and EMEA respectively.

Federated Hermes establishes partnership with GASP

Investment manager Federated Hermes has partnered with The Global Alliance for a Sustainable Planet (GASP) in the leadup to COP28 in the United Arab Emirates. 

CFS Edge adds Morningstar managed accounts

Colonial First State (CFS) has expanded investment choices on its CFS Edge platform with a range of managed accounts from Morningstar. 

AustralianSuper wins Origin Energy campaign

Shareholders in ASX-listed Origin Energy have rejected a takeover bid by a consortium led by private equity giants Brookfield and EIG.  

Rest appoints CFO

Rest has appointed John O’Sullivan as its chief financial officer, after he led the division during the recruitment process.

Integro Private Wealth makes pair of appointments

Western Australian advice Integro Private Wealth has appointed Adam Pontague as a private wealth adviser, aligned with the firm’s continued expansion and heightened demand for private wealth services.

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