WEEKLY WRAP: Three super funds combine as a 'package deal'

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QIEC Super, Club Super and Mercy Super jointly appoint State Street as custodian. In what is believed to be a "first" for the industry, three superannuation funds have combined to invite tenders for custodian services as a "package deal".

Vanguard Australia (Vanguard) announced its plans to launch the Vanguard FTSE Emerging Markets Shares ETF, with Australian Securities Exchange (ASX) ticker code VGE. Subject to regulatory approvals, it is anticipated that VGE will be quoted for trading on the ASX by mid-November 2013.

Local Government Super (LGS) has appointed Joanna Davison to its Board. Ms Davison replaces Ian Robertson who has resigned after 16 years as a Director on the Board.

IOOF’s multi-manager fund, IOOF MultiMix has awarded a $200m mandate to Australian equities fund manager, Dalton Nicol Reid.

Defence Bank has appointed Mano Simos as its Chief Risk Officer. Mano previously worked in risk management and governance at the National Australia Bank (NAB). Aimee Suchard, joins Defence Bank from ME Bank. She formerly worked for Westpac.

Market Vectors ETFs announced it has receivedInvestment Grade Index’ ratings from research house, Lonsec, for all four of its new Australian ETFs.

The Australian Custodial Services Association (ACSA) has appointed David Braga, managing director and head of product for J.P. Morgan’s Investor Services business in Australia and New Zealand, to the position of Chair.

The Financial Planning Education Council (FPEC) together with the FPA launched its inaugural round of financial planning research grants available to university academics, establishing the framework for an annual round of research grants in a partnership between the financial planning profession and academia.

Tyndall AM has appointed Kristy Do as head of legal, reporting to managing director Mike Davis.

AFG has successfully priced its second Residential Mortgage Backed Securities (RMBS) transaction. The AFG 2013-2 Trust priced with 14 investors both onshore and offshore participating.

Bravura Solutions Limited (Bravura) announced that two of its employees will embark on a 4330km motorcycle ride across Australia to the ASFA 2013 National Conference in Perth, as they seek to raise $1 for every kilometre travelled for Alzheimer’s Australia.

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