T. Rowe Price has recruited Viral Patel for a new role in the company’s Australian equities team, while plans are already underway to hire another three equity analysts for the Sydney office.
Patel, who was a research analyst with Alliance Bernstein's Sydney office, has been appointed to the new role of associate director of research for Australia.
He will report to portfolio manager, Randal Jenneke, who was hired last June with the task of piecing together the equity investment management and research team.
The company stated that enhancing its local investment capability would enable it to launch a differentiated Australian strategy for local and regional investors.
The Actuaries Institute has released a framework to help super funds deliver affordable guidance and advice to millions approaching retirement.
Labor’s finance minister has dismissed claims the government directs super fund investments after questions over Australia’s new US deal.
Australia’s average superannuation balance has climbed to a record high, with women’s savings share rising and reliance on the age pension falling.
APRA has softened several governance reform proposals following extensive consultation with banks, insurers, and super funds across Australia.