Investment Banking News

Investment Banking News

Growing number of Aussie women investing in crypto

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

Money Management

Of 3.3 million Australians who own any form of cryptocurrency, women accounted for 11% in June, a significant jump from 7% in January, according to research by comparison site Finder. Despite the proportion of men investing in cryptocurrencies falling from 29% in January to 23% six months later, the overall number of Australians with cryptocurrency jumped to 17% in June from 12% at the start of the year. In terms of demographics, close to a third of Gen-Z owned crypto (31%), a figure that had more than doubled since January (15%) and, by comparison, the number of millennials who owned cryptocurrency dropped from 33% to 24% over the same period.

“Even though Bitcoin’s value dipped in recent months, Finder’s research shows that crypto adoption in Australia is continuing to grow,” Kate Browne, personal finance expert Finder, said. “It’s great that we’re seeing more women and young people choosing to invest in cryptocurrency. “Historically, the world of cryptocurrency has been dominated by men. With strong long-term growth predictions, a gender gap in cryptocurrency investing could have implications for wealth distribution,” Browne noted.

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

US fundie Shawn Johnson named AMP Capital CEO

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

AFR

AMP has brought in Boston-based investment manager and former US Navy lieutenant Shawn Johnson to lead AMP Capital ahead of its demerger from AMP and new life as a separately listed public company. Mr Johnson is the former managing director and chairman of the investment committee at $US2.1 trillion funds management giant State Street Global Advisors. He will replace Boe Pahari, who was demoted to head of  infrastructure equity following shareholder and public backlash over his brief appointment as AMP Capital head despite having settled a sexual harassment claim against him in 2017. AMP announced Mr Pahari would be leaving AMP in April.

David Atkin, AMP Capital deputy CEO and former chief of industry super fund Cbus, will leave AMP in late July, having initially joined the troubled company in December last year on an interim basis until June. It is understood Mr Atkin, who has been overseeing the structural separation of AMP Capital’s lucrative unlisted real estate and infrastructure investments business from the rest of AMP, will work closely with Mr Johnson for three or four weeks before leaving the company.

The rest of this article can be found at afr.com.

BOQ finalises purchase of ME Bank

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

InvestorDaily

The Treasurer has given final approval for Bank of Queensland to own a controlling stake in the industry fund-backed bank. In a statement, BOQ said the legislative instrument giving effect to the purchase would be finalised in the coming days, with the purchase due to complete on 1 July. “The acquisition of ME Bank is a key step in our strategy to be a compelling alternative to the big banks,” BOQ chair Patrick Allaway said.

“It is a defining moment in the transformation of BOQ Group, which will benefit our shareholders, customers and people.” “The addition of ME Bank to the BOQ Group will further strengthen our multi-brand strategy, deliver material scale, broadly double the size of our Retail bank, and provide us with geographic diversification,” BOQ managing director and chief executive George Frazis said. “We look forward to the ME Bank team formally joining the BOQ Group very soon.”

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

Investor confidence increases to largest margin of 2021

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

InvestorDaily

Investor confidence is at a record high for 2021, according to State Street. The results of the local servicers’ Investor Confidence Index (ICI) for May were released on Friday, which increased to 97.9, up 5.4 points from April’s 92.5 reading. The jump is being attributed to a 6.0 point increase in North American Investor Confidence (97.8) and a 9.0 point increase in Asian Investor Confidence (100.8).

“Investor risk appetite improved by its largest margin of the year in May, buoyed largely by reopening optimism on the heels of broader vaccination access, particularly in advanced economies,” State Street Global Markets’ senior macro strategist, Marvin Loh, said. “Rising yields, which had generated investor concern earlier this year, have been generally stable recently, contributing to positive gains in investor confidence in both North America, as well as Asia, even in spite of ongoing issues with vaccine rollouts in Asian countries.” However despite the healthy increases in North America and Asia, the European ICI took a slight hit and dropped by 1.2 points (93.0).

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

ESG and active management driving change in portfolio construction trends

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

InvestorDaily

The rise of ESG and the breakdown of the traditional portfolio allocation have been contributed to a clear change in portfolio construction. Speaking at a media briefing in Sydney on Thursday, Heuristic Investment Systems head of asset allocation, Damien Hennessy, said the traditional 60:40 portfolio allocation is no longer viewed as the most logical investment ratio. “Bonds might still offer diversification in a deflationary scenario but with starting point yields so low and some emergence of inflation risk, we cannot be entirely confident that bonds will provide the buffer they have in the past. Investors have to consider other lines of defence for their portfolios,” Mr Hennessy said.

“A portfolio’s strategic asset allocation is one of the key drivers of the variability of returns across funds while manager selection is also critically important. Dynamic asset allocation provides a further source of return enhancement or risk mitigation for a portfolio. An investor ideally wants all areas contributing to better portfolio outcomes. “In addition to current elevated valuations, macro factors such as interest rates and inflationary pressures are increasingly having an impact on the strategic and tactical execution of asset allocation strategies.

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

AXA IM recruits CFS BDM

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

InvestorDaily

Bevan Green has become business development manager for AXA IM Core, where he will report to Michelle Lacy. Previously, he was a business development manager for Colonial First State Investments. Prior to that, Mr Green held business development roles with Zurich Investments, NAB Asset Management and Nikko Asset Management.

“Bevan’s appointment demonstrates AXA IM’s commitment to Australian clients as we continue to provide more focus and proximity to our clients in response to their evolving needs,” Ms Lacey said. She added the company is seeing growing demand for sustainable investments. “In this challenging environment, responsible investing has become even more central to our business priorities, with climate change representing our largest area of engagement in 2020,” Ms Lacey said.

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

Our clients include

* Prior invoiced clients across the region.