Insights

Insights

RBA Names New Assistant Governor

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The Reserve Bank (RBA) has confirmed the appointment of Dr Bradley Jones as assistant governor of the central bank’s financial system group. The appointment fills the role previously held by Michele Bullock, who was announced as the first ever female deputy governor in the RBA’s 62-year history in April. Dr Jones originally joined the RBA in 2018 as head of international department and most recently served as head of economic analysis department.

Prior to the RBA, he spent five years in the monetary and capital markets department of the International Monetary Fund (IMF) based in Washington D.C. In this role, Dr Jones was responsible for research and leading missions in the areas of financial stability and central bank asset and liability management. He also previously held senior macroeconomic research and global macro trading responsibilities within Deutsche Bank’s Global Markets business in London and Hong Kong over a period of about nine years.

The rest of this article can be found at investordaily.com.au.

AXA IM Alts announces changes to Australian leadership team

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

AXA IM Alts has announced that Antoine Mesnage will take up the role of head of Australia following the departure of Kumar Kalyanakumar at the end of September. Mr Mesnage has over 16 years of real estate investment management expertise and will relocate to Australia from his current position of head of transactions for France. He is currently responsible for a range of complex and high-profile investments and has led over €11 billion of transactions on behalf of AXA IM Alts clients across all strategies and sectors including residential and forestry.

“The Australian business is integral to our sizeable growth ambitions for the APAC region,” said AXA IM Alts head of the Asia-Pacific, Laurent Jacquemin. “Antoine brings significant knowledge, skills and years of expertise from his time in Europe, and I look forward to working with him to spearhead the next phase of growth in the Australian market.” The firm also confirmed the promotions of Chris Willey to head of asset management and ESG, and James Cox to head of fund management, replacing existing head of asset and funds management, Quentin Shaw.

The rest of this article can be found at investordaily.com.au.

‘88% cut to heavy industry emissions is possible’, report shows

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Australia’s major industrial regions could leverage existing technologies to slash their greenhouse emissions by as much as 88 per cent – equivalent to removing all emissions from cars and light commercial vehicles across the country, a new report has shown. The report, the product of a two-year collaboration between 18 of Australia’s largest companies as part of the Australian Industry Energy Transitions Initiative (Australian Industry ETI), showed that Australia’s five major industrial regions can contribute to reaching state and national net zero emissions targets by 2050, while also driving employment growth and building the country’s climate resilience. Titled ‘Setting up industrial regions for net zero’ and prepared by not-for-profits Climateworks Centre and Climate-KIC Australia, the report revealed that Pilbara, Kwinana, Hunter, Illawarra and Gladstone, which together account for about one-eighth of Australia’s total emissions, have the potential to achieve an 88 per cent reduction in their current emissions, equivalent to 70 MTCO2e of abatement.

“Australia can remain competitive in a decarbonising global economy. But this will require coordinated efforts across industry, governments and communities, and also the finance and energy sectors. It will also need the alignment of policy, regulations and programs to create clear goals and investment confidence,” said Australian Industry ETI chair, Simon McKeon AO, chancellor of Monash University and former CSIRO chairman.

The rest of this article can be found at investordaily.com.au.

Franklin Templeton names APAC co-heads

Posted by Anton Murray Consulting on . Posted in Investment Banking News

InvestorDaily

Franklin Templeton has confirmed Matthew Harrison and Tariq Ahmad will take up the role of co-heads of APAC beginning in August. The global investment manager said that Mr Harrison, who is currently managing director, Australia and Mr Ahmad, who is presently head of Asia distribution, will have joint ownership and accountability of APAC strategy to best serve its clients and drive growth in the region. “The Asia-Pacific region is critical to the growth strategy for Franklin Templeton. Both Tariq and Matt are industry veterans with successful track records of leading investment management businesses,” said Franklin Templeton’s EVP of global advisory services Adam Spector.

“Their appointment will allow us to capture rapid growth opportunities in the backdrop of shifting market dynamics. Given the strengths of both leaders, we are confident that they will meaningfully accelerate the firm’s growth in the region.” Mr Harrison and Mr Ahmad will take over from current head of APAC Vivek Kudva, who will retire next month after 16 years at Franklin Templeton in line with a plan put in place in 2019. “Vivek Kudva has led our distribution efforts in both APAC and EMEA over his dedicated career at the firm. We would like to thank him for his important contribution over the years and wish him well in his retirement,” said Mr Spector.

The rest of this article can be found at investordaily.com.au.

Businesses must follow up ESG commitments with action, says KPMG

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Less than half of Australia’s corporate leaders believe they will have implemented the operational changes needed to meet their ESG targets by 2030. A new report from KPMG has identified the top challenges facing corporate Australia amid the ‘ESG revolution’ including the need to turn commitment into meaningful action. As part of its research, KPMG conducted interviews with 30 corporate leaders in Australia and surveyed an additional 245 leaders.

Only 39 percent of respondents said they believed they will have implemented the operational changes necessary to meet their ESG targets by 2030. KPMG said that the need for collaboration was a major theme to emerge from its research, with industries, governments and communities required to collaborate to ensure organisations are able to meet their ESG targets. “Leaders agreed that the ESG challenge is already accepted and is a priority for business. Many have set goals. But as we look towards 2030, there is a lot of work to be done to put programs in place to achieve these targets,” said KPMG Australia national industry leader corporate Trent Duvall.

The rest of this article can be found at investordaily.com.au.

Investor demand and challenges are driving ESG considerations in the Asia-Pacific

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

It is no secret that awareness of environmental, social and governance (ESG) issues has been on a steep upward trajectory in the Asia-Pacific financial industry, driven by growing interest from the community and government, coupled with increased client interest and demand. However, while awareness has been surging, end investors may not be confident in the value of implementing ESG factors in their portfolios. Successfully advancing ESG considerations in the region will require a clear articulation of the investment case for ESG, and a careful examination of which ESG issues are most relevant for each specific market, industry and company.

Trends and industry challenges

Asset managers across the Asia-Pacific region have seen accelerated demand for ESG funds and growth in assets under management (AUM). Yet there is still confusion about what ESG strategies entail – no surprise when you consider that the term ‘ESG investing’ is typically used to cover many different approaches, from funds that integrate analysis of ESG considerations into the investment process, to strategies such as negatively screened ethical funds, thematic sustainability funds and impact investing. There is little doubt that investors need to understand the ESG issues within their portfolios in order to fully evaluate investment risk. Investors also have a critical role to play, through their product and investment decisions, in financing the solutions to sustainability challenges; these include the transition to a low-carbon economy and the adaptation to climate change impacts. Regular engagement with high-emitting investee companies is essential for investment firms so they can obtain a good understanding of their climate-risk exposure, challenge emitters and promote industry best practice in climate-risk management.

The rest of this article can be found at investordaily.com.au.

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