Standard & Poor's establishes 'out-of-cycle' research team
Standard & Poor’s (S&P) has responded to industry calls for more regularly updated research reports by creating a dedicated ‘out-of-cycle’ (OOC) ratings team.
S&P said the team was established to meet the increasing demand from managers to rate new or new to Australia products outside S&P’s usual peer group review schedule.
Graham Fox has been appointed as director and head of the new OOC team and will also be responsible for the multi-sector space. Fox joins S&P from Westpac Private Bank, where he was senior manager, product, and has 36 years experience in funds management, wealth management, investment banking and commercial banking.
The S&P Fund Services team has also changed, with Rodney Lay being appointed director and sector head for structured products. Lay joins S&P from Aegis Equities Research, where he was head of managed investments.
Meanwhile, Shane Brereton, formerly at Colonial First State, has joined S&P as a rating specialist while Sheela Veerappan, most recently at Mercer Australia, has also accepted a role of ratings analyst.
Recommended for you
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
Global equity manager Orbis Investments has appointed a head of marketing from Capital Group as it becomes the latest manager to target advised retail investors.
While Australia prepares for the $3.5 trillion intergenerational wealth transfer, two female advisers have discussed why women may be detracted from seeking advice and the impact of the gender imbalance in the industry.
ETF provider Betashares has launched a global bond ETF as investors pour billions into cash and fixed income ETFs.
