Industry Updates

Magellan CEO David George steps down

Magellan Financial Group CEO and managing director David George has departed the business. The group has appointed a new executive chairman, Andrew Formica, while it searches for a replacement.  

Minchin Moore appoints former Morningstar MD

Independent private wealth firm Minchin Moore has appointed former Morningstar Australia and New Zealand managing director Jamie Wickham to its team. 

Betashares launches new investing platform

ETF manager Betashares has launched Betashares Direct, a platform with zero brokerage fees for self-directed retail investors looking to invest in any ETF on the ASX.

Fidelity launches global long-short fund in Australia

Fidelity International has launched the Fidelity Global Long Short Fund in Australia.

Federal Court finds Diversa did not breach law

The Federal Court has found that Diversa Trustees did not fail to act efficiently, honestly, and fairly or fail to take reasonable steps to ensure its representatives complied with financial services laws. 

Equity Trustees appointed to Wilson Asset Management Leaders Fund

Investment manager Wilson Asset Management has appointed Equity Trustees as responsible entity for the Wilson Asset Management Leaders Fund. 

Ares Management Corporation appoints Ares Credit Group partner

Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group. 

Industry veteran Melinda Howes to steer AMP’s super strategy

Experienced super industry leader Melinda Howes has joined AMP as its group executive for superannuation and investments.

Capital Group appoints head of institutional for Asia and EACG

Investment company Capital Group has appointed Benno Klingenberg-Timm as head of institutional for Asia and Europe Client Group (EACG).

Morningstar appoints Mark Hoven

Morningstar has appointed former Adviser Ratings CEO Mark Hoven as senior vice president of enterprise sales.

Former abrdn CEO joins consulting firm KONU

Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.

Bennelong and Leadenhall partner to distribute ILS strategies

Bennelong Funds Management has partnered with Leadenhall Capital Partners LLP to distribute its insurance linked securities (ILS) strategies

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