Industry Updates

Novigi to be out source provider for Mercer’s Wollongong tech services

Specialist data and technology services provider Novigi will be the outsourcer for Mercer’s Wollongong business.

Aware Super restructures investment team

Aware Super has restructured its investment team in line with its strategy to deliver strong risk-adjusted returns for its members and manage $250 billion FUM by 2026.

Practifi appoints co-founder as CEO

Performance optimisation platform Practifi has appointed Adrian Johnstone as CEO, succeeding his co-founder Glenn Elliott.

ASIC issues interim stop orders on three BT funds

ASIC has made interim stop orders preventing BT’s Advance Asset Management from offering or distributing three funds to retail investors because of non-compliant Target Market Determinations.

ASIC grants reissue relief for pre-DDO life products

ASIC has provided conditional relief for life insurers from the Design and Distribution Obligations when reissuing life insurance policies in “certain, limited circumstances”.

Agriculture sustainability assurance program launched in Australia

Leading Harvest, a non-profit organisation founded in the US, launches its industry-leading program in Australia to implement a world-first sustainability assurance program to help harmonise sustainability reporting across crops and regions.

Northleaf selects Equity Trustees for custody role

Private markets investment firm Northleaf Capital Partners has selected Equity Trustees as the trustee and custodian of its senior private credit fund, NSPC AUD Investor Trust.

Preliminary findings from updated SMSFs Under Advice 2022 research paper

AUSIEX has released some preliminary findings from an upcoming refresh of its 2022 research paper, SMSFs Under Advice, a comparative analysis of the profile, trading activity and holdings of advised SMSF clients.

New Quantum acquires Morrison Securities for $40.5 million

New Quantum Holding’s acquisition of the equities clearing business Morrison Securities is laying the foundation for its growing presence in the US, Middle East, and Asian markets.

Australian Ethical hires new CIO

Ethical investment manager Australian Ethical has made several additions to its leadership team.

Cassin rejoins bfinance as global head of investments and research

Independent investment consultancy bfinance has appointed Olivier Cassin as its global head of investments and research.

CALI adds veteran policy directors to executive team

The Council of Australian Life Insurers has appointed Ben Marshan as director of policy and industry affairs and Michael Johnston as director of policy and advocacy.

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