AUSTRALIA - Michael Putica has joined State Street from BNP Asset Management as business development manager for State Street Global Markets' transition management sales team.
Previously business development manager at BNP, targeting the superannuation segment, he brings with him eight years of Australian funds industry experience.
“This addition to our Sydney team reflects State Street’s commitment to servicing the Australian marketplace through the sales and delivery of market-leading transition management, research and advisory solutions,” said Jason Balogh, senior managing director and head of State Street’s TM business in Asia-Pacific.
State Street’s TM team completed more than 830 transitions worldwide in 2005, totalling more than US$380bn of assets.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.