Aberdeen has made two new appointments to its Australian fixed income team.
John Manning will utilise his 22 years experience to move into the role of investment manager and senior credit analyst. Previously, he was director of credit strategy for Australia and New Zealand at Royal Bank of Scotland.
David Choi joins Aberdeen's fixed income team as assistant investment manager. He has experience in portfolio management at NSW Treasury Corporation.
Aberdeen head of Australian fixed income Victor Rodriguez said Manning's credit analysis skills and Choi's knowledge of rates strategy would stand the team in good stead.
"Both appointments reinforce our strong Australian fixed income business, enhance our multi-strategy team-based approach to fixed income investing and affirm our commitment to our fixed income clients," Rodriguez said.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.