Russell Investments has beefed up its Australian leadership team appointing what it describes as “three new client-facing representatives”.
It said it had appointed Michael Clarke as managing director of Industry and Government Superannuation, Alister Van der Maas to managing director of New Zealand and Christine Cameron as managing director of Institutional Sales.
While Van der Maas represented an internal promotion, Cameron has joined Russell from MLC where she was head of business development with respect to implemented consulting and investment management products.
Russell chief executive for Australasia, Chris Corneil, said Cameron’s appointment supported the company’s growth agenda and marked an important new phase for the business in the local market.
AMP has reported a stable half-year result in superannuation, with improving cash flows and solid support from platforms and banking.
Implementing an unlimited non-concessional contributions cap for taxpayers with superannuation balances below $1 million would make the system more equitable, the accounting firm says.
Australia’s neutral cash rate may lie above pre-pandemic levels, driven by rising productivity outside of the mining industry.
Nominations and submissions have opened for this year’s Super Fund of the Year Awards.