Insights

Insights

What to expect from the crypto market in 2022?

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

After a triumphant 2021, expectations are high for the crypto sector in 2022. The year 2021 has seen cryptocurrencies like bitcoin and Ethereum explode in value, but what comes next remains unclear. eToro analyst Simon Peters told InvestorDaily that 2021 was a remarkable year for crypto assets, with surges in the price of bitcoin and Ethereum bookending the year.

“Global adoption of crypto assets is accelerating at an extraordinary pace, and we can expect this trend to continue well into 2022,” he predicted. Looking forward, he noted that rising concerns among institutions and governments around the level of inflation in the global economy has led many to label crypto assets like bitcoin as a hedge against inflation. However, Mr Peters argued that many of these claims have yet to be put to the test.

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

More than a third of ASX companies fail on modern slavery disclosure

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Only six Australian companies received an A grade from Monash University for their modern slavery statements. Thirty-six per cent of modern slavery statements submitted by ASX 300 companies have been given a fail grade by the Monash Centre for Financial Studies (MCFS). Ninety-seven out of the 239 companies assessed were given an E or an F for modern slavery disclosure quality compared to just six companies that received an A grade.

“This is alarming as we are not confident that these companies fully understand their exposure to modern slavery risks in their operations and supply chains,” said Monash lead researcher Dr Nga Pham. Nanosonics, InvoCare, Fisher & Paykel Healthcare, Westgold Resources and IDP Education were among those companies singled out for having poor disclosure scores. Bega Cheese, Woolworths, Fortescue Metals, Wesfarmers, Westpac and Ansell were the only companies to receive an A rating, while 12 companies received a B, 75 received a C and 59 received a D.

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

December 2021

Posted by Anton Murray Consulting on . Posted in 2021

While the world managed different variants of the CV19 virus over the past year, business across several industries, including financial services, has been remarkably resilient. After several years of tackling the virus there is no debate that managing the pandemic is an important global challenge that requires worldwide collaboration to beat. While there is ongoing variant risk leading in to 2022, there is quite a high level of optimism in the business community, as discussed recently with a bullish assessment from industry leaders in the AFR. However there are many risks on the horizon, especially ongoing challenges in the Asia-Pac region and globally.

As we review 2021 we come across some recurring themes that have been building over the past few years. Positively, we can see the impressive collaboration within the medical community to develop CV19 vaccines at a rapid pace to help keep us all safe. Further, COP26 in Glasgow was an important event this year, where the private sector and government are building momentum to avert a potential climate crisis, with important targets set and increasing green energy innovation in the years to come. This increasing collaboration between governments across the world has been stymied by an increasing distrust for government and institutions in general. This distrust has been exacerbated by the increasingly polarising influence of social media. In particular this has resulted in a limit to the global rollout of vaccine protection in the face of a wave of misinformation spread via social and mainstream media.

The pandemic has heavily impacted many industries, with some sectors more adaptable than others. There has been an increasing digisation of work and technology, with flexible hybrid working and regular work-from-home interruptions becoming the norm. Facebook was rebranded to Meta and there is tech on the way that will introduce 3D avatar-style virtual team meetings and 3D interviewing. However after seemingly endless Zoom and Teams video calls, many of our clients and candidates have been excited to get back to the desk this year to collaborate in-person and simply share a beer and a laugh with colleagues. The extent that WFH and VC interviews remain a permanent fixture after we have cleared the pandemic remains to be seen. But there is no doubt that innovation continues at a rapid pace across industries like education, healthcare and technology.

After several years of change, the Australian government goes to an election in 2022 and both parties will poll on a promise of stability and as little change as possible for the populace. In AsiaPac there is ongoing geopolitical risk that culminated in the globally significant AUKUS agreement in 2021, to promote regional stability. However there is a lot of cause for optimism in to 2022, with CV19 evolving from a dangerous pandemic to simply endemic as the virus becomes more manageable via global vaccination and ongoing booster shots. Importantly, the first world is working hard to deliver vaccines to the third world, many of whom are still waiting for their first dose; and this will be an important step toward living with an endemic CV19. Notably, in demonstration that business continues to boom, and despite the headwinds of the virus, inflation is increasing at a rapid rate across several regions.

Thank you to all the exceptional candidates and clients who have supported us through this challenging year. Merry Christmas to you all, and best wishes to your family for the New Year!

CBA’s first ESG term deposit receives $200m investment

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

InvestorDaily

IFM has invested in a new ESG term deposit from the Commonwealth Bank. The Commonwealth Bank has announced IFM Investors has invested $200 million in a new environmental, social and governance term deposit (ESG TD) that will only be used to fund loans that drive sustainable outcomes. Described as being a first for the Australian market, CBA said that its ESG TDs allow investors to receive a fixed rate of return for the investment term like a traditional term deposit while the proceeds are allocated by the bank solely towards sustainability-linked loans (SLLs).

“The financial system has a critical role to play in supporting Australia’s decarbonisation journey by directing capital to projects and assets that will drive our transition to a more sustainable future,” said Commonwealth Bank group executive of institutional banking and markets Andrew Hinchliff. “We are proud to partner with IFM Investors on this ESG TD which provides $200 million in additional capital for us to lend to initiatives driving positive ESG outcomes.” SLLs link the cost of funding for borrowers to meeting predetermined sustainability targets that may include a reduction in emissions, waste or water use, or greater employee diversity.

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

Australia’s superannuation system to surpass $9 trillion by 2041

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Total superannuation assets are projected to almost triple to over $9 trillion in 2041, from $3.4 trillion today. Australia’s superannuation landscape is poised for continuous growth, with total assets said to surpass $9 trillion within the next two decades. According to Deloitte’s new Dynamics of the Australian Superannuation System report, current growth has persisted in the face of COVID-19-led market volatility driven by both contribution inflows exceeding benefit outflows and robust investment returns.

But, looking forward, some funds are expected to flourish more than others, mostly owing to the Hayne Royal Commission and the resulting product closures and remediation exercises. As such, while industry funds are expected to balloon on the back of their strong current positioning and lower fees on average, growth in the retail sector is expected by virtue of existing scale but at a more subdued pace. SMSFs, on the other hand, are tipped to decline in market share in the next two decades as their older demographic transitions to retirement.

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

Zip appoints Australian chief product officer

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The buy now, pay later company has confirmed a new member to its ANZ leadership team. Zip confirmed that Travis Tyler will join as its new Australian chief product officer from 17 January in Sydney where he will lead the local products strategy end-to-end across Zip’s product, design and product marketing teams. “I am thrilled to welcome Travis into the ZipFam,” ANZ managing director Cynthia Scott said.

“He is an incredibly accomplished leader with an impressive track record across product and marketing in the financial services and fintech industry. “His experience will be invaluable in helping drive Zip’s products in Australia to create an even better experience for our customers, merchants and partners.” Among the senior roles Mr Tyler held includes founding member and chief product and marketing officer at Australia’s first smartbank, 86 400, as well as positions at Westpac and St George.

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

Our clients include

* Prior invoiced clients across the region.