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.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.