Weekly market update – week ending 14 August, 2015

From

Investment markets and key developments over the past week The past week was volatile as investment markets reacted to China’s move to devalue the Renminbi and make its determination more... Read more continue reading

RBA’s Kent on the labour market

From

Kent reiterates the RBA’s view that the unemployment rate should be “little changed from recent levels over the next 18 months”. The labour market has been “adjusting more smoothly over... Read more continue reading

Fund Manager expands Distribution Team

From

Fund Manager, La Trobe Financial announces key appointment to its Distribution sales team. With over 10 years’ experience in financial services, Bonnie Hill has been appointed as a Senior Manager... Read more continue reading

How far through the mining jobs decline are we?

From

The RBA estimates that mining construction related job losses will total 90K from the mining capex peak (end 2012) to trough (end 2018). On our calculations, we are around 20%... Read more continue reading

Instreet expands team with two senior appointments

From

Boutique investment manager, Instreet Investment, yesterday announced the appointment of Marcus Obermeder as sales director and James Poon as head of product development. Instreet managing director George Lucas says the appointments... Read more continue reading

Redpoint wins mandate from Intrust Super

From

Redpoint Investment Management Pty Ltd, a partner of NAB Asset Management, has been awarded a mandate with a leading industry fund, Intrust Super. Intrust Super CEO Brendan O’Farrell said: “Engaging... Read more continue reading

New appointments expand iShares Australian team

From

BlackRock has expanded its iShares business team in Australia with the appointment of Mr Joshua Persky to the newly created role of sales strategist – model portfolios and solutions, and... Read more continue reading

Australian consumer confidence up, but wages growth remains at a record low

From

Consumer confidence rose 7.8% in August, more than reversing the hit from the Chinese and Greek turmoil last month. However, at an index reading of 99.5 it remains below its... Read more continue reading

A new network of excellence: Perth financial adviser joins Fitzpatricks Private Wealth

From

Fitzpatricks Private Wealth CEO John Woodley has welcomed another senior financial planning professional, Mr David Barber, CFP to the Fitzpatricks fold. Mr Barber’s presence helps to create a coast-to-coast network of... Read more continue reading

Findex expands C-Suite with appointment of Peter Gardiner from ANZ

From

Findex Group Limited (Findex) has announced the appointment of an additional member to its executive team. Peter Gardiner, formerly ANZ’s Head of Origination, Corporate Bank, has been appointed Global Head... Read more continue reading