UBS Global Asset Management has announced the expansion of its Australian fixed income team with the appointment of Ben Squire as head of credit research for Asia Pacific and Christian Baylis as portfolio manager.
Squire has 17 years experience in credit research and credit portfolio management globally and domestically and joins from Société Générale in London. In his new role, Squire will be responsible for credit research and issue selection for Asia Pacific issuers. He will also be a member of the UBS Global Asset Management Global Credit Research team.
Baylis most recently worked in senior analyst investments at the Reserve Bank of Australia. He joins UBS to work on inflation-linked portfolios and undertake market analysis and execute credit and related over-the-counter derivatives. He is currently completing a PhD in financial econometrics.
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.
Big business has joined the chorus of opposition against the proposed Division 296 tax.