T. Rowe Price has expanded its Australian team with the appointment of a new client and consultant relations manager.
Jack Kewalram will be responsible for managing relationships with local research houses, select asset consultants and clients across both institutional and third party distribution sectors.
Kewalram has 15 years of experience in financial services, having held roles at Schroders, Mercer Investment Consulting and Citibank Australia.
Murray Brewer, director of Australia and New Zealand investment services, said the appointment would provide greater client and consultant service across a broader range of strategies.
Vista Chan has also been appointed as client operations manager for the Asia-Pacific ex Japan business, with responsibility for new client take-on and partnering with client relationship managers.
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.