Industry Updates

Rest sells stake in Endeavour Energy

Profit-to-member superannuation fund Rest has agreed to sell its 12.6 per cent stake in Endeavour Energy to a fund managed by Macquarie Asset Management.

State Street launches global carbon asset servicing solution

State Street Corporation has launched the Carbon Asset Servicing Solution, which will allow asset managers, asset owners, and other financial services institutions around the world to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow.

BT’s Private Portfolio Management business to transition to Mercer

Mercer has entered into an agreement with Westpac Group to transition BT’s Private Portfolio Management business to Mercer, which will occur in Q4 this year.

Betashares launches two low-cost global shares ETFs

ETF manager Betashares will launch two new global share funds in the coming weeks that tracks an index of 1500 global companies and suitable as a core allocation to portfolios.

UniSuper enters Europe with $1b mobile towers investment

Superannuation fund UniSuper has secured a 5 per cent indirect stake in mobile towers business Vantage Towers in a $1 billion deal.

BlackRock to launch global infrastructure and property ETFs

BlackRock Australia will launch two core ETFs later this month, focused on giving investors exposure to global infrastructure and property.

Allianz Retire+ AGILE receives ‘Recommended’ rating from Zenith

Allianz Retire+ has received a ‘Recommended’ rating for its longevity solution AGILE from research house Zenith Investment Partners.

CountPlus changes name to ‘Count’ with overwhelming support

CountPlus has changed its name to Count after 99.94 per cent of shareholder votes were cast in support at a recent EGM in Sydney.

SuperFriend promotes AusSuper CMO to deputy chair

Workplace mental health not-for-profit SuperFriend has promoted director Rose Kerlin to deputy chair of its board, following the resignation of incumbent Teifi Whatley.

Dexus acquires additional interest in Royal Adelaide Hospital

The Dexus Community Infrastructure Fund (CommIF), the Dexus Healthcare Property Fund (DHPF), and the AMP Capital Core Infrastructure Fund (CIF) have acquired a combined 30.58 per cent interest in Celsus Holding, taking Dexus’ total stake to 72.79 per cent.

Natixis CIB adds to global markets leadership team

Capital market company Natixis CIB has appointed Thomas Moffat and Oscar Austin as head of global markets sales in Australia and New Zealand, and head of GSCS Syndicate in the Asia Pacific, respectively.

GBST acquires CRM WealthConnect

Cloud-based wealth management software-as-a-service provider GBST has acquired Salesforce-integrated customer relationship management service WealthConnect.

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