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Australian Financial
Services Digest
Specialist Recruitment Divisions:
 Project / Program Management
 Change Management
 Change Delivery
 Business Transformation
 Business Analysis
 General Insurance
 Life Insurance
 Wealth Management
 Superannuation
 Banking
 Accountancy & Finance
8th May 2015
Jonathan Attwood
Project Services Recruitment
02 8247 5715
0405 143 981
[email protected]
Sydney I Melbourne I Adelaide I Brisbane
Canberra I Perth I Singapore I Hong Kong
Market News
Contacts:
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
Wealth
BNP Paribas has launched a new asset and liability investment analytics solution
aimed at pensions and super funds
Wealth
Management
SpringFG has launched a new Real Estate division in its diversification drive
Mark Redman
02 8247 5707
0406 626 788
ASIC is set to release a Regulatory Guide based on advice remediation
[email protected]
The Government is set to provide AUD127.6 million to fight financial crime in
Australia
Banking
Macquarie Group has posted a AUD1.6 billion net profit, up 27 percent. In
addition, pay for the group’s key managers will rise approximately 19 percent
following the bank’s second largest profit
ANZ has announced half-year cash profit of AUD3.7 billion
The RBA has lowered its forecast for growth and inflation
ANZ has cut its iron ore price forecast, touching the bottom of a new trading range
Sydney
Level 17
15 Blue Street
North Sydney
NSW 2060
02 8247 5700
www.porterallen.com.au
Melbourne
Level 13
31 Queen Street
Melbourne
VIC, 3000
03 8080 7200
Market News
Contacts:
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
Insurance
NAB has announced that it has entered into an agreement with an unnamed
Global ReInsurer to cover approximately 21 percent of its retail book
Wealth
Management
Suncorp has achieved a rise in March quarter lending of 3.3 percent
Mark Redman
02 8247 5707
0406 626 788
Sportscover has launched a new website to coincide with its sports news and
interview magazine Touchline
[email protected]
Fosun International is set to acquire Ironshore, having already taken on a 20%
stake previously
Solution Underwriting has announced a new Sydney office to continue its
expansion
NIB Health Funds has been fined AUD10,200 following an infringement notice
from the ACCC
Cerno, the Loss Adjuster, is set to be liquidated with no funds available for
unsecured creditors
Sydney
Level 17
15 Blue Street
North Sydney
NSW 2060
02 8247 5700
www.porterallen.com.au
Melbourne
Level 13
31 Queen Street
Melbourne
VIC, 3000
03 8080 7200
Market Moves
Contacts:
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
Wealth
Management
Mark Redman
02 8247 5707
0406 626 788
Koda Capital has appointed Charles Moore and Simon Duckett from
Macquarie Group. In addition, Mark Pollasky has been recruited from Morgan
Stanley Private Wealth
Cor Cordis has appointed Lou Todesco as Associate Director. Todesco joins
from ANZ
Simon Munday has been named Chief Financial Officer at Ansvar Insurance.
The move comes as an internal appointment
[email protected]
ACE Group has named Gabija Simmonds as General Counsel for Australia &
New Zealand. Simmonds joins from Westpac
The Territory Insurance Office is set to shed 40 staff following a strategic review
Aspen Re has set up in Australia, hiring Andrew Parker from Hannover Re to
lead the branch and bringing on board Paul Wedlock as Senior Underwriter
Sydney
Level 17
15 Blue Street
North Sydney
NSW 2060
02 8247 5700
www.porterallen.com.au
Melbourne
Level 13
31 Queen Street
Melbourne
VIC, 3000
03 8080 7200
Global News
Contacts:
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
Axciom has been appointed by NewDay to provide an Enterprise Customer Data
Warehouse
Texcell has appointed Stephane Boissel as Chief Executive Officer and
promoted Miguel Forte to Chief Operating Officer
Wealth
Management
NAB is set to spin off Clydesdale and Yorkshire Banks by year end
Mark Redman
02 8247 5707
0406 626 788
Investec is set to launch a rival to Nutmeg with a discretionary investment
platform later in 2015
[email protected]
Lehman Brothers’ pensioners are set to be paid in full following the Rothesay
deal
Generali Asia has secured the option to buy 70% of Malaysia’s MPIB
Seventeen Group has confirmed the acquisition of Thompson & Partners and
announced interest in further purchases
Marketstudy has launched a new Affinity Super division
Sydney
Level 17
15 Blue Street
North Sydney
NSW 2060
02 8247 5700
www.porterallen.com.au
Melbourne
Level 13
31 Queen Street
Melbourne
VIC, 3000
03 8080 7200
Global News
Contacts:
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
John Sims is set to leave his role as Head of Private Clients UK at AIG
Markel has announced an 83% Combined Ratio for Q1 2015 down from 95% in
Q1 2014
Wealth
Management
AVIVA has reported a rise in UK&I Premiums of 1%
Mark Redman
02 8247 5707
0406 626 788
Howden has acquired Care Home Insurance Services and PrimeCare
[email protected]
TT Club has announced an improvement in COR to 85.6%
Modus has appointed Davies as their Claims partner
Lisa Bartlett has been named Regional Director for the North (UK) at AXA.
Bartlett joins from Towergate
Tokio Marine Kiln has unveiled a new product to cover ‘Unmanned Aerial
Systems’ at Lloyd’s
Torus is set to join with London Aviation Underwriters to write General Aviation
in the US
Information for the Australian FS Digest is taken from a number of news
sources and company communications including The Australian
Financial Review, Post Online and Money Management
Sydney
Level 17
15 Blue Street
North Sydney
NSW 2060
02 8247 5700
www.porterallen.com.au
Melbourne
Level 13
31 Queen Street
Melbourne
VIC, 3000
03 8080 7200