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.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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