Financial Standard

HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance. Preethi Visweswara will take on the role tasked with bolstering its corporate and institutional banking business following a record year of growth.

Northern Trust Asset Management Australia is one of several fund managers that scored a major mandate from Taiwan's Bureau of Labor Funds (BLF) to help manage a total pool of US$3 billion ($4.3bn). The BLF also picked Amundi Asset Management, BNP Paribas Asset Management Europe, Geode Capital Management and State Street Global Advisors Singapore to help manage the Global Climate Transition Passive Infrastructure Securities strategy.

Corporate hybrids are re-emerging as a significant segment of the Australian dollar credit market, with QIC saying the asset class is benefiting from regulatory reforms, growing investor demand and changing rating treatment.

The ASX is looking to modernise eight core corporate governance principles, which include rejigging executive remuneration and board composition, to make them fit-for-purpose in the current environment in which ASX-listed entities operate in.

Australian managed funds attracted $13 billion in net inflows during the first half of 2026, with investors maintaining strong exposure to markets despite heightened geopolitical tensions and domestic economic uncertainty, according to new data from Calastone.

While family members will largely remain at the helm of family businesses post-succession, a Deloitte Private report anticipates a meaningful shift globally, with more businesses preferring outside professionals to step into the chief executive roles. Family business succession planning and the next generation 2026 noted a shift towards appointing external professionals to the chief executive role after succession with global share projected to double from 13% currently to 26% post-succession.

HUB24 performed soundly in the quarter ending 30 June 2026, with total funds under administration (FUA) increasing 20% from the previous corresponding period to $164.3 billion. The total FUA comprised platform FUA of $139.5 billion (up 24%) and portfolio, administration and reporting services (PARS) FUA of $24.8 billion (up 5%), reflected by net inflows of $4.2 billion, alongside positive market movements of $7.5 billion in the quarter.

Grab a shopping cart and enter the investment supermarket. The shelves are stacked - an Aussie large-cap fund here, an ETF there, a fixed-income fund somewhere near the back, past the alternatives nobody quite understands. There is an estimated $1 trillion dollars sitting across them, platforms have carved out an important place for themselves in the wealth industry: an online supermarket distributing investment products at scale.

legalsuper has appointed a new chief executive and new chief investment officer, hiring from HESTA and Qantas Super. HESTA chief operating officer Stephan Reilly will take on the role of chief executive officer and former Qantas Super deputy chief investment officer Chris Grohan has been named as chief investment officer. Reilly will commence on August 17, while Grogan is due to join the specialist superannuation fund on October 26.

A pair of Remara directors, along with an iPartners private credit specialist, have joined forces to launch a new alternative investment firm, targeting an underserved segment across the private credit market. Timothy Wilson, Blake Velkovski and Haim Deitz have co-founded Civitas Capital Management. The firm, based in Sydney, focuses on garnering success from the lower mid-market sector, Civitas told Financial Standard.