News

News

CoreLogic appoints financial services solutions head

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

CoreLogic has named its new head of financial services solutions for the Australasia region. Eugene Vassiliev has taken the role at the data and analytics company, after spending 19 years at mortgage insurer Genworth. His appointment has followed the promotion of the general manager of banking and finance solutions in Australasia, Milena Malev, to general manager of financial services and insurance, Australasia.

In his new position, Mr Vassiliev will be held responsible for all aspects of CoreLogic’s financial services solutions development, with a goal of growing its leadership footprint in Australia and New Zealand. He noted lenders are operating in a “challenging environment”. “The increase in hardship assistance and loss mitigation activities is putting upward pressure on expenses and loss provisions,” Mr Vassiliev said.

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

Partners Capital hires managing director

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

 InvestorDaily

Outsourced investment firm Partners Capital Investment Group has recruited HSBC’s global institutional private head to be its new managing director. Raphael Heynold has joined the firm after being global head of the institutional private client group at HSBC since 2011. Previously, he spent more than 16 years at Goldman Sachs in London and Asia in the financial institutions group, inside the investment banking and investment management divisions.

The hire has followed Partners Capital chief executive Arjun Raghavan indicating the firm has upped its focus on bolstering its senior leadership team, adding specialists with deep domain knowledge. “We are excited to have Raphael join our organisation,” Mr Raghavan said. “We have known Raphael for many years and his understanding of the family office and sophisticated investor universe will significantly enhance our ability to meet the investment needs of these clients.”

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

Magellan spends big on financial services shake-up

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

InvestorDaily

Magellan has announced it will become a foundation investor in a new Australian-based financial services firm led by UBS’ former top deal-maker. Barrenjoey will provide corporate and strategic advisory, equity and debt capital market underwritings, cash equities, research, and traditional fixed income services to Australian and international clients. It will be led by former UBS senior banker Guy Fowler as executive chairman, and John Cincotta, Matt Hanning and Chris Williams as founding partners.

“Magellan is delighted to be a founding partner of Barrenjoey,” said Magellan CEO Brett Cairns. “We believe the partnership model that leaves control, equity ownership and core decision-making with the executives is proven and powerful. This partnership model was adopted historically by many investment banks but unfortunately seems to have disappeared over the last 20 years.”

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

CFA Institute appoints BlackRock exec as new chair

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

InvestorDaily

The global association of investment management professionals has announced the appointment of a new chairman and vice-chair of its board of governors. Daniel Gamba, CFA, will step into the role of board chair, while Maria Wilton, CFA, will take on the role of vice chair. Mr Gamba succeeded Diane Nordin, CFA, who continues on the board. “I’m honoured to be continuing my long-term relationship with CFA Institute as chair of the board of governors,” Mr Gamba said.

“Working with my board colleagues, our CEO, our society leaders, and our members, I’m committed to supporting the leadership of CFA Institute to continue its mission to lead the investment profession globally by promoting the highest standards of ethics, education and professional excellence. I’m also humbled to assume this new role as the first board chair of Latin American descent.” Mr Gamba is a managing director and co-head of fundamental equities at BlackRock, and a member of its global operating and human capital committees.

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

Are super funds failing on climate change?

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

InvestorDaily

Super funds are talking the talk on climate change – but are they walking the walk? A report from ClimateWorks Australia in partnership with Monash has found that one-fifth of superannuation organisations studied have publicly stated their intention to achieve net-zero emissions in their portfolios by 2050 – a significant acceleration in efforts to address climate change risk. “In 2018, superannuation funds owned almost half of Australia’s shares; by 2040, experts suggest they will own 60 per cent of ASX-listed equity,” said ClimateWorks CEO Anna Skarbek.

“That means the decisions they make matter enormously to the rapid decarbonisation of the Australian economy. By setting targets now, super funds can create the context in which their commitments become realisable. Their own actions can bolster expectations and spur the development of methods for sectoral decarbonisation.”

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

Citi’s Female CEO Rose as Bank Faced Failings on Gender Equality

Posted by Anton Murray Consulting on . Posted in News

Bloomberg

Along Citigroup Inc.’s path to naming the first female chief executive officer on Wall Street, the bank had to confront some grim truths. Those figures show that Fraser’s historic elevation is far from a capstone. But the bank has spent years getting to this point, and a willingness to publicly face its shortcomings has helped it outpace rivals in many key measures of progress on Wall Street’s slow road to gender equality.

“These things don’t just happen,” said Jeanne Branthover, a managing partner in the global financial-services practice at the executive search firm DHR International. “They made sure they were identifying people to move up the ladder that were not just men.” For starters, the bank that Jane Fraser takes over in February pays women just 73 cents for every $1 men get, an even wider gap than the national average. And short of 40% of Citigroup’s managers are female.
The rest of this article can be found at bloomberg.com.

Our clients include

* Prior invoiced clients across the region.