Just days after the announcement that the long-serving chief executive of REST, Neil Cochrane, had resigned to join Colonial First State Global Asset Management, the big superannuation fund has announced his replacement by the fund’s general manager, administration, Damian Hill.
Hill, who boasts more than 20 years experience in the superannuation industry, has been with REST for seven years.
Cochrane had been chief executive of REST for five years.
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.