Superannuation funds plan to boost offshore allocations

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Australian superannuation funds plan to ramp up their allocations to international assets as they seek to diversify investments and boost returns, according to a NAB survey published last week. The NAB Superannuation FX Survey found that 72 per cent of Australian funds plan to increase their share of offshore investments over the next two years and are […]

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Aussie super funds changing FX management to manage growth, regulation and costs

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National Australia Bank (NAB) yesterday released its 2017 Superannuation FX Hedging Survey, revealing Australia’s biggest super funds are changing their approaches to managing currency risk to adapt to the growing market, increasing transaction costs and new regulation. Emma Lawson, Director Fixed Income Currencies & Commodities, said this survey provides a valuable insight in to how […]

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Andrew Hagger appointed Chairman of JBWere

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National Australia Bank CEO Andrew Thorburn has announced Andrew Hagger, Group Executive NAB Wealth, has been appointed as Chairman of JBWere. Mr Thorburn said: “I am delighted to appoint Andrew to this role.” “His expertise and counsel, including his deep knowledge of this business and the wealth sector, will serve the Board well.” Andrew Hagger said […]

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NAB Asset Management appoints Head of Global Institutional Distribution

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Global asset management firm NAB Asset Management (NABAM) has announced the appointment of Ross Kent as Head of Global Institutional Distribution. “I’m extremely pleased to have appointed someone with Mr Kent’s extensive experience to the business,’’ said NAB Asset Management general manager, Brendan Donohoe. “We’re very conscious of the total experience we deliver to our […]

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NAB Financial Planning announce new General Manager

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NAB has announced the appointment of Tim Steele as General Manager, NAB Financial Planning. Tim brings with him 20 years of experience in financial services, most recently as Managing Director of AMP-aligned wealth businesses ipac & Genesys. Executive General Manager, Wealth Advice, Greg Miller, said: “We’re focused on strengthening our business, committed to meeting customer’s expectations […]

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NAB Asset Management continues to lift SMA education

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NAB Asset Management has released its second Benchmark Magazine, which focuses on raising awareness and education about the increasing use of separately managed accounts (SMAs). The publication provides key information for advisers looking to offer SMAs as part of their advice proposition, including first-hand adviser testimonies and guidance from industry experts. NAB Asset Management Head […]

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NAB Asset Management announce new COO

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NAB Asset Management has announced Mr Bernard Reilly to the newly created role of Chief Operating Officer. Bernard will join the NAB Asset Management leadership team and provide direction on strategic and operational initiatives. NAB Asset Management Executive General Manager Garry Mulcahy said: “I am pleased to announce Bernard in the newly created role of […]

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NAB becomes first major bank to commit to the ASX mFund service

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National Australia Bank (NAB) and ASX have announced that nabtrade, NAB Asset Management and NAB Asset Servicing (NAS) will join the ASX mFund Settlement Service. NAB is the first major bank to commit to the mFund service, launching by the end of the year. mFund is an electronic processing service that allows investors to use […]

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NAB welcomes Federal Government’s response to the FSI

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NAB yesterday welcomed the Federal Government’s response to the Murray Financial System Inquiry (FSI). NAB Group Chief Executive Andrew Thorburn said: “We have been strong participants in the FSI process, which importantly aims to strengthen our financial system and make it more transparent and efficient for customers.” Capital “We have responded to a number of recommendations […]

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NAB Asset Management partner Redpoint launch new fund for retail investors

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NAB Asset Management investment partner Redpoint Investment Management Pty Ltd has launched its Redpoint Global Infrastructure Fund to retail investors. The Fund, which aims to deliver a long-term stable return for investors at a low cost by investing in a well-diversified portfolio of listed global infrastructure companies, has been made available to the retail market […]

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