CFSGAM expands Australian equities team



Colonial First State Global Asset Management (CFSGAM) has moved to bolster its key Australian Equities, Core team.
The company announced this week that it had appointed experienced manager, Kim Tracey to the role of Portfolio Manager.
Commenting on the appointment, CFSGAM’s Head of Australian Equities, Core, Matthew Reynolds, said the appointment bolstered the team and widened its skills base.
Tracey brings 10 years’ of portfolio management experience to the role and has been recruited from boutique international equities manger, Five Oceans Asset Management.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.