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Australian Financial
Services Digest
Specialist Recruitment Divisions:
 Project / Program Management
 Change Management
 Business Transformation
 Business Analysis
 General Insurance
 Life Insurance
 Wealth Management
 Superannuation
 Banking
 Accountancy & Finance
2nd April 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]
Insurance
Lesley Martin
02 8247 5720
0434 981 186
[email protected]
Wealth
Management
Mark Redman
02 8247 5707
0406 626 788
[email protected]
Wealth
Hyperion Asset Management has closed its institutional business to net inflows,
blaming capacity issues
Nikko Asset Management has entered into a partnership with Eurasia Group to
offer global investors access to emerging markets
Argo Investments is set to launch a new infrastructure-focused listed investment
company, Argo Global Listed Infrastructure Limited
Lonsec has upgraded the Principal Global Investors Global Opportunities
Equity Fund to ‘recommended’ status
Ironbark Asset Management has acquired Certitude Global Investments
FIIG has launched a new online ordering system for buying and selling corporate
bonds
Banking
CBA has launched a new point-of-sale tablet device
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
ASIC is set to launch a new comparison site for coverage in regions of North
Queensland affected by cyclone
Insurance
Lesley Martin
02 8247 5720
0434 981 186
Cover-More Group has announced a rise in premiums of 5% on average
following a weakening of the Australian Dollar
[email protected]
Wealth
Management
Mark Redman
02 8247 5707
0406 626 788
[email protected]
Aon is to launch Aon Underwriting Managers, a new Australian MGA,
announcing an exclusive distribution deal with Freeman McMurrick
HDI-Gerling has announced it will rebrand to HDI Global
Lloyd’s of London has announced a stable profit of $6 billion with a return on
capital of 14.7%
Xchanging has announced the majority stake acquisition of BrokersIT, the broker
management system
Kurt Nilsen has launched a new Underwriting Agency, Lion Underwriting, based
in Sydney
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]
Insurance
Lesley Martin
02 8247 5720
0434 981 186
Graham Silton has been appointed Property Underwriting Manager at HDIGerling. Silton joins from Allianz Global Corporate & Specialty and brings a
wealth of experience managing large-scale risks globally
Chris Gordon has joined Findex Group for its investment committee. Gordon
was previously Chief Investment Officer at MLC. In addition, Emmanuel
Calligeris has joined the committee, having previously been Chief Investment
Officer at Optimix
[email protected]
Wealth & Super
Mark Redman
02 8247 5707
0406 626 788
[email protected]
Stephen Karrasch has been appointed Head of Distribution at Aururo Funds
Limited. Karrasch joins from Philo Capital
IRESS has named John Harris as new Chief Financial Officer. Harris previously
worked at CBA and replaces Stu Bland who has announced his retirement
MyState has appointed Paul Moss as General Manager for Technology and
Operations. Moss previously worked at KPMG
Ben Heap has departed his role as CEO of Australian Wealth Investments
following a restructure
David Anderson has been named President, Growth Markets Region (Latin
America, Asia, Middle East and Africa) at Mercer in an internal promotion.
Anderson is replaced by Ben Walsh who takes over as Managing Director and
Market Leader
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:
Insurance
Suncorp has announced a number of changes to its specialty teams. Steven
Lau and Andrew Beaver will lead new Corporate and Commercial ProFin teams
respectively. Michael Cooke takes on the role of Head of Specialist Technical
and Product. Bill Galligan will lead a national engineering team while
Construction will be split by region to be led by Paul Smith in NSW, Nick
Aristotelli in QLD, Maurice Raphael in WA and David Abbott in VIC and SA
Lesley Martin
02 8247 5720
0434 981 186
Robert Miller is set to step down from his role as Chairman of AIG in July
Project Services
Jonathan Attwood
02 8247 5715
0405 143 981
[email protected]
[email protected]
Wealth & Super
Mark Redman
02 8247 5707
0406 626 788
[email protected]
Interrisk has appointed Phil Kearns as Managing Director. Kearns was
previously CEO of Centric Wealth and has a background that includes Captain of
the Australian Rugby Union team
Jason Fereday has been named MD and CEO of Insurance House Group.
Fereday was previously at Macquarie Group
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]
Insurance
Lesley Martin
02 8247 5720
0434 981 186
[email protected]
Wealth & Super
Mark Redman
02 8247 5707
0406 626 788
[email protected]
Lloyds Bank has appointed Andrew Cremlin and Laura Koskenmaki as
Business Development Directors to focus on the South and London Mid Market
Perseus, the US-based Financial Technology business and grand prize winner of
the StartupHK Venture Programme, has set up a regional office in Hong Kong
BIL Suisse has signed an outsourcing contract with AVALOQ’s Swiss BPO
centre
Daniel Stewart shares have fallen 48pc to 0.88p after Adam Wilson, former
CEO, sold his stake in the business. Wilson’s sale comes a day after Rob Terry,
founder of Quindell, became a large shareholder in the company
Viswanathan Shankar, Head of Standard Chartered’s EMEA business, is
leaving the company after 13 years. The news comes following the
announcement that Bill Winters will take over leadership of the bank
Shawbrook Bank has floated on the London Stock Exchange, the challenger
bank fetching an initial GBP725 million valuation
Rory Cullinan is set to leave his role at RBS, after it emerged he was ‘bored’ at
work
DUAL, the global underwriting agency, has launched a Marine & Energy division
backed by CNA Hardy
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]
Insurance
Lesley Martin
02 8247 5720
0434 981 186
[email protected]
Wealth & Super
Mark Redman
02 8247 5707
0406 626 788
AGEAS has announced an agreement with Volkswaggen Financial Services
that will see buyers of a new Audi receive a new fully branded motor insurance
proposition
Hamilton Insurance Group, the Bermudan business, has completed its
acquisition of Sportscover Underwriting
Allied World Assurance Company has completed the acquisition of RSA’s Hong
Kong and Singapore business
Aioi Nissay Dowa has completed the acquisition of Insure the Box and Drive
Like a Girl from Catlin
[email protected]
Ian Hood, the Chief Digital Officer of RSA, has resigned from the role only two
months after taking it on
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