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 two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.