WEEKLY WRAP: PEOPLE PRODUCTS AND COMPANIES - Accountant moves into planning: A sign of the times?

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Additions to Aberdeen’s Australian fixed income team

Aberdeen Asset Management has made two appointments to its Australian fixed income team, bringing to 12 the total number of investment professionals in the team.

Jasmin Argyrou joins Aberdeen in the role of investment manager. Jasmin previously worked at Schroders, BNP Paribas and UBS Global Asset Management and has 11 years’ industry experience.

Maximillien Macmillan joins as an assistant investment manager. This is a new role. Max has worked as an intern at JP Morgan and analyst at strategy consultancy Crescendo Partners and was most recently an intern with Aberdeen’s fixed income team in London.

Both roles report to Victor Rodriguez, Head of Australian fixed income.

Local super fund ranked world’s number one in green investment 

Australian superannuation fund, Local Government Super (LGS), has achieved number one ranking from 300 of the largest retirement funds surveyed worldwide in the first ever global climate investment index. The Climate Institute’s Asset Owners Disclosure Project (AODP) aims to show how the world’s biggest investors, including superannuation funds, are managing climate risk.

 The world’s top-ranked green investors were revealed today following the closure of the Climate Change Conference in Doha, Qatar.

“We’ve been working steadily to build a sustainable portfolio for over 10 years, and we are well recognised as a leader in Australia.  To see our initiatives being recognised on a global scale is a real honour, and it is great to see an Australian fund ranking number one in the world in such an important area. Speaking for a Board that has made a massive commitment to securing sustainable results for our members, this recognition is very satisfying,” said LGS CEO, Peter Lambert.

Around $3.3 billion – or just over half – of LGS’s total assets are in responsible investment strategies across Australian and international equities, property, absolute return, private equity and sovereign bonds.

ISN expands policy team

ISN is further expanding its policy and research team with the appointments of Matt Saunders to the position of policy analyst – economics and markets in its Melbourne office, and Rebecca Riel to the role of public policy analyst – retirement incomes in Sydney.

Matt brings to ISN more than twelve years’ experience in economic research and consultancy, having worked as a senior economist with Deloitte Access Economics and as an analyst and consultant for a number of research firms. He has completed several projects on the economic impacts of clean energy and carbon reduction schemes as well as for the information technology and telecommunications sectors. Matt holds a Bachelor of Economics from the University of Newcastle with First Class Honours in Labour Economic and Econometrics.

Rebecca has a range of public policy and research experience, including as an economist with the NSW Office of Environment and Heritage, policy analyst with Federal Treasury and Queensland Treasury, and compliance case officer with the Australian Taxation Office.  In 2011/12, she provided logistics and communications support for a South Pole expedition team. Rebecca holds a Bachelor of Economics (International Trade and Finance) and Bachelor of Arts (International Relations) from the University of Queensland.

Challenger and Bendigo Wealth strike lifetime annuities partnership

Challenger Limited and the financial advisory business of Bendigo and Adelaide Bank, Bendigo Financial Planning, have agreed to a relationship under which Challenger’s Liquid Lifetime annuities will be offered to Bendigo clients under the Bendigo brand.

Challenger Liquid Lifetime annuities provide guaranteed income for life while permitting access to capital within the first 15 years of the policy.

Joshua Parisotto, Senior Manager Business Partners Services at Bendigo Wealth said:

“We wanted a solution to help Bendigo Financial Planning customers achieve a guaranteed minimum cash flow on top of any age pension entitlements – but without sacrificing liquidity. This way they can retain exposure to growth assets without having to worry as much about volatility,” said Challenger key accounts and platforms GM Rommel Hacopian.

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