PIMCO Australia (PIMCO) has announced the appointment of Sara Higgins as the new vice president, account manager, at a time when the fund manager is looking to retain members.
Higgins will work closely with head of PIMCO John Wilson in Sydney, who said her appointment signals the company's increased commitment to the Australian superannuation market.
"Sara has joined us at a critical juncture in the development of the Australian superannuation industry," Wilson said.
"More and more, our institutional super fund clients are focused on measures to retain retiree members in the fund, and, as part of this, they are looking to develop competitive retirement income solutions."
Wilson said PIMCO will be hosting a series of retirement income forums to discuss how innovative retirement solutions might be developed.
Higgins has seven years of investment and financial services experience, having worked most recently at Perpetual Investment's private wealth division, providing specialist counsel to high net worth clients. She also worked as a strategy analyst with Perpetual's executive office team and board, and in the investment banking division of JP Morgan Bank & Co in the United States.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.