Industry Updates

Morrison Securities pays $333k infringement notice

Morrison Securities has paid a penalty of $333,000 to comply with an infringement notice issued by the Markets Disciplinary Panel.

GQG Partners nabs Magellan BDM

GQG Partners has appointed Victoria Flygare as director for business development across South Australia and Western Australia, after a 10-year stint at Magellan.

Pengana appoints two executives to lead private credit offering

Pengana Capital Group has appointed Nehemiah Richardson and Charles Finkelstein as managing director and chief investment officer of Pengana Credit, respectively.

Cbus appoints CIO

Industry fund Cbus Super has promoted deputy chief investment officer Brett Chatfield to the CIO role.

FIIG Securities hit with cyber breach

The IT systems for fixed income provider FIIG Securities have been temporarily disabled amid the firm being subject to a ransomware attack.

ART appoints BT’s Vincent as chief of retirement

Australian Retirement Trust has appointed BT chief strategy and product officer Kathy Vincent as chief of retirement following a global search.

Zurich launches insurance resource amid cost of living pressure

Zurich Financial Services has launched an insurance affordability resource designed to educate customers on how to control their insurance coverage to ease cost-of-living pressures while ensuring they remain protected.

Schroders appoints CIO as CEO

Schroders Australia has appointed Simon Doyle as CEO, replacing Sam Hallinan. 

Former Lonsec executive director joins Fidelity

Fidelity International has appointed former Lonsec executive director Lukasz de Pourbaix as global cross asset specialist.

Allianz Retire+ adds ex-MLC Wealth, Unisuper and FEAL executives to advisory board

Allianz Retire+ has appointed three former industry CEOs from MLC Wealth, UniSuper and the Fund Executives Association Ltd to its Retirement Advisory Board.

May adviser exam sees 63pc pass rate

Over half of candidates passed the May adviser exam, according to results released by ASIC on Friday morning.

AMP updates North ROA and retirement calculator functions

AMP has announced two key changes to the North platform around streamlining Records of Advice and the Lifetime Super Calculator.

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