Barclays Capital has made a key Australian appointment within the mergers and acquisitions arena.
The company announced that it had appointed Daniel Janes as managing director, mergers and acquisitions, as part of the expansion of the regional investment banking business.
It said Janes would be based in Sydney and report to the head of investment banking in Australia, Cynthia Whelan, and the head of mergers and acquisitions, Asia Pacific, Jason Rynbeck.
Janes was previously employed by Royal Bank of Scotland, where he was head of consumer, healthcare and industrial in Australia and New Zealand.
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.