Macquarie Global Investments has appointed a senior institutional sales manager.
Sandra Krueger will be responsible for developing and maintaining relationships with institutional investors regarding investment opportunities offered by Macquarie Global Investments, including the Macquarie Professional Series, the group stated.
Krueger has worked in the Australian institutional market for about 10 years and brought significant international expertise to the team, said Macquarie Global Investments head of distribution, Adrian Stewart.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.