Investec has announced it will launch an equity derivatives platform in July, which will be run by new recruit David Jones-Prichard.
Jones-Prichard joined the specialist bank in March to build the equity derivatives capability, which will complete Investec’s financial markets platform spanning debt, equity, commodities, currency and now equity derivatives.
He joined from J.P. Morgan where he spent the last six years establishing the structured products trading desk in Australia.
Investec has also added two new natural resource experts to its banking team, Hugh Thomas as managing director and head of the natural resources team, and Stefan Edelman.
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.