According to the neobank, it now has more than 2,500 investors, with over 1,500 in this round and 1,222 in the first, and more than 200 participating in both rounds. The majority of investors, Xinja said, were aged between 24-44, with the percentage of women backing the campaign increasing to 27 per cent, from 17 per cent in the first round. “This equity crowdfund campaign shows that Xinja’s call to shake up the banking sector resonates with many thousands of Australians,” said Eric Wilson, chief executive and founder, Xinja.

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Since the start of 2018, there have been 34 new or improved announcements from global institutions restricting coal, making an average of one new announcement every two weeks. The first restriction came from The World Bank in 2013 with the 100th coming from the European Bank of Reconstruction and Development. Since the beginning of 2019, moves have come from banks in the UK, Canada, Finland, South Africa and Austria.

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Plato Managing Director Dr Don Hamson said change was needed and he sees the partnership as an important step towards empowering students to join the profession and creating a more sustainable and equitable future for the industry. “Investment management is a global industry, and the diversity of our people, ideas and experiences is just as important for success as the diversity of our funds,” Dr Hamson said. “This starts with building the pipeline at the university level and doing what we can to improve the number of women applying for jobs and holding leadership positions,” he said.

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Nabtrade’s director of SMSF and investor behaviour Gemma Dale said turnover among older generations continue to grow but it was young investors who were shaking up the market. “Over the past two years, we have seen a significant rise in the number of young investors turning to the sharemarket for wealth creation. These are serious investors, who are studying the local and international sharemarkets closely and buying shares they know, and investing for the long term,” she said.

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He will be based where he currently is in Hong Kong and report Andrew Erikson, head of global services worldwide. “Ian has led the majority of State Street’s businesses in the region throughout his career including investment servicing, trading and research within Global Markets, and our data and analytics businesses,” Mr Erickson said. “With his knowledge and experience across our businesses, I am very confident that Ian will build further on our business growth in Asia-Pacific by delivering high quality solutions and services.”

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