WEEKLY WRAP: EQT appoints head of Australian equities

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EQT appoints head of Australian equities

Listed financial services company Equity Trustees Limited (EQT) has appointed Dr Paul Kasian as head of Australian equities, reporting to chief investment officer George Boubouras.

Kasian has more 25 years financial services experience in asset management and senior executive roles, and joins EQT from Accordius where he was executive director and chief investment officer. 

He has also worked at First Samuel as chief investment officer, and has held various senior roles at HSBC Global Asset Management including chief investment officer and head of equities where he was in charge of a large investment team. Kasian was also appointed head of the global financials equity team overseeing large global equity mandates.  

In 1995, he co-founded Wallara Asset Management and he also pioneered the “cash flow return on investment valuation” technique currently used by a number of major fund managers, including EQT.

“Paul is a highly respected and experienced wealth management professional and his appointment is the next step in the further development and growth of EQT’s funds management capability,” said chief investment officer George Boubouras.

Tyndall appoints new deputy head of fixed income

Tyndall AM has further strengthened its already significant fixed income team with the appointment of James Alexander to the newly created role of deputy head of fixed income.

Alexander will report to Roger Bridges, Tyndall’s long-standing head of fixed income.

In the new role, Alexander will assume responsibility for the day-to-day management of the fixed income team and will also oversee Tyndall’s fixed income investment process. Bridges, in addition to overall responsibility for Tyndall’s fixed income activities, will increase his focus on research and developing strategic direction for the Tyndall fixed income funds.

Bridges said the position was created to provide additional resources in the fixed income team and support team members in their areas of expertise.

Changes to company secretary

David Cullen was appointed as a company secretary of AMP Limited on 13 June.

Darryl Mackay will retire as a company secretary with effect from 14 June.

Calastone welcomes steps towards super industry revamp

Calastone, the independent global transaction network for the superannuation and managed fund industries, joined the super industry in developing and adopting a new set of standards for Gateway Interoperability, working as part of the Affiliation of Superannuation Practitioners and industry bodies Gateway Project.

“Interoperability is a buzzword we are hearing a lot right now,” said Calastone MD Australia, Shannon Sweeney. “There’s so much jargon around it but what it really means is that funds need to communicate between themselves more effectively and efficiently. As Gateway operators, we facilitate this process.”

As an early step, the new Superstream Standards will reduce rollover times from around a month to just six days. “More efficiency means less cost for funds, and better results for fund members. It also begins to bring Australia in line with global standards. The Gateway Project is a major achievement that the industry has brought about by working together, which is ultimately a fantastic result for everyone with an APRA super fund using the Gateway Operators services – which is a huge percentage of Australian superannuation.”

iqBoard cloud-based app goes live for Board members at Affiliation of Superannuation Practitioners

IQ Group confirmed the latest implementation of its boardroom technology, iqBoard with the Affiliation of Superannuation Practitioners Limited (ASP). The 10-member board now has access to a central and current Board pack in a highly secure on-shore cloud environment, easily downloadable via an app to a wide range of iPad and other mobile devices used by individual Board Members. The iqBoard solution will streamline the creation, distribution and management of Board packs for directors and allow them to manage Board responsibilities electronically.

iqBoard is a secure meeting management and Board pack distribution platform, hosted by IQ Group's onshore cloud computing environment, iqCloud. Once implemented the iqBoard application entirely replaces traditional paper-based Board documentation packs and reduces consumables and preparation time by up to 80% for Board Secretariats.