Schools unite in Melbourne Centre for Financial Studies
Monash University, University of Melbourne and RMIT have joined in a joint-venture to establish the Melbourne Centre for Financial Studies.
The consortium will establish the Centre next year as part of the Victorian State Government’s push for Melbourne to become a financial services hub for Asia Pacific.
The Victorian Minister for the financial services industry Tim Holding said an in-principle agreement had been reached with the three universities.
“The Centre brings together three of Victoria’s major financial services research organisations which through their strong links with industry will help promote Melbourne as a leader in financial research,” he said.
“It will bridge the gap between universities, academic research and industry, undertaking research projects in critical areas such as Australian and Asia Pacific financial markets, funds management, banking and financial services and derivates and tradeable markets.”
Holding said the Centre will co-ordinate research projects, produce journal articles, host annual conferences and briefing sessions for Government and industry.
“The Centre’s research program will be overseen by an advisory board which will include senior representatives from the financial services industry,” the minister said.
The State Government is contributing up to $1 million over two years for the Centre, the three universities are providing $900,000 and the private sector about $100,000.
“The consortium is also in discussion with leading industry associations and professional bodies about their ongoing participation in the Centre,” Holding said.
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
