Northern Trust announces ETF veteran as latest hire

ETFs/Northern-Trust/hires/

The investment manager said it has appointed an industry “visionary” to join the business as its new head of global ETFs and funds.

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Sydney AFSL sees licence cancellation

AFSL/Sydney/ASIC/

Licensees are being reminded to take prompt action once their licence is granted as ASIC cancels the AFSL of a Sydney firm.

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The ‘ticking time bomb’ of the first QAR tranche

Keith-Cullen/Neil-Younger/fortnum-private-wealth/WT-Financial-Group/quality-of-advice-review/Stephen-Jones/

Appearing before the Senate economics committee, WT Financial managing director Keith Cullen has described the first tranche of QAR legislation as a “ticking time bomb” in its current form.

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Will licensees need to run their own super performance test?

APRA/Superannuation/performance-test/SuperRatings/lonsec/licensees/

Licensees are figuring out how to navigate the annual superannuation performance test to avoid any clients being stuck in affected funds and whether they need to start running their own internal tests.

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ETFs gather highest monthly YTD inflows in May

ETFs/BetaShares/FUM/

Marking a departure from April’s muted inflows, the ETF industry reported the highest level of monthly inflows for the year so far during May at $2 billion.

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Winners of the Fund Manager of the Year Awards 2024 revealed

Fund-Manager-of-the-Year/awards/lonsec/fund-manager-of-the-year-awards/

More than 20 winners from the funds management industry have been crowned at this year’s awards.

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ASIC takes action on two Qld AFSLs

ASIC/AFSL/queensland/

The corporate regulator has made a suspension and a cancellation of the AFSL of two Queensland-based firms.

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Relative Return: What do fund managers look for in new hires?

Podcast/Relative-Return/Sponsored-by/

In this episode of Relative Return, host Laura Dew speaks with Mischa Bennett, managing director of Capital Executive Search, to dig into the intricacies of fund management recruitment.

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