“We understand that some investors want products that allow them to achieve their investment objectives while also investing in line with their values. We are pleased to be offering ESG equities and fixed income funds that meet this need while maintaining the hallmarks of Vanguard funds, low cost and broad diversification,” he said. The new suite of funds adds to the existing ESG offering of Vanguard Australia, the Vanguard International Shares Select Exclusions Index Fund that was launched in 2016. “We have been offering screened ESG products internationally for almost 20 years and are excited to be able to provide more choice for Australian investors while leveraging our global scale and investment management expertise,” Mr Reedman said.

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Companies with more female board directors tended to undergo less lawsuits – in fact, the average exposure to lawsuits was reduced by 1.5 per cent with every woman added to the board of directors, the study found. This, “on an average environmental lawsuit (US$204 million), could equate to a saving of US$3.1 million,” the statement said. Study author and Adelaide Business School senior lecturer Chelsea Liu said the findings could be explained by gender socialisation and diversity theory, which postulates that a group of people from different backgrounds tend to make better collective decisions because they contribute differing perspectives.

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NAB Asset Servicing and BNP Paribas Securities Services retain their second and third places, with $553.3 billion and $485 billion in total assets under custody, respectively. While the total amount of custody has grown strongly (see chart, below) the amount of overseas client investment in Australia (assets held in sub-custody) also grew by 4.4 per cent during the first half of 2018 to $1.54 trillion. The mix of total assets in international markets has increased from approximately 28 per cent to 34 per cent since June 2014, said ACSA.

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The mental health organisation’s chief executive Margo Lydon said SuperFriend aimed to reduce suicide and mental illness in Australian workers, and that the funding would go towards this purpose. “Contact centre workers are often perceived as vulnerable and at risk of poor mental health due to the frontline nature of their jobs,” said SuperFriend chief executive Margo Lydon. “How they engage and work with customers not only impacts the customer experience, but also their own mental health, safety and wellbeing.

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He has had previous board experience and currently serves as a non-executive director to Lendlease Corporation, a member of the Clean Energy Finance Corporation board, and chairs the Westpac Bicentennial Foundation. Mr Coffey has worked across Australia, New Zealand, the US, the UK and Asia and has worked in the areas of financial markets, funds management, balance sheet management and risk management. He spent more than two decades of his career in executive positions at Westpac, such as group chief financial officer and group executive, Westpac Institutional Bank.

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