AustralianSuper and Cbus, Credit Suisse, BlackRock, First State Investments, Barings, RBC Dexia
Bernie Fraser, a former Reserve Bank of Australia governor, will step down from the independent director post at the A$38bn ($41bn) AustralianSuper.
He will step down from AustralianSuper board, and the board of Cbus, at the end of June. Fraser has served as director of AustralianSuper and its predecessor funds Superannuation Trust of Australia and Australian Retirement Fund since 1996, and has been on the board of Cbus for over 15 years.
Elana Rubin, chair of AustralianSuper, said: "He is a man of great integrity and humility with an unwavering focus on helping members achieve a decent standard of living in retirement. Bernie has played a pivotal role in setting up the investment philosophy, structure and approach, positioning AustralianSuper very well to continue to deliver strong investment returns."
Bill Shorten, the Australian minister for superannuation and financial services, added: "Bernie has served on both super fund boards with distinction for many years. But he is probably most well known as the guy with the great voice who appeared on our TV screens talking about the importance of more superannuation in retirement."
Credit Suisse has hired Martin Keller as managing director and head of asset management for EMEA. He will begin on 2 May and will be based in Zurich.
Keller joins from Man Group where he was head of the firm's institutional business overseeing sales, business development and relationship management. At Credit Suisse, he will be part of the asset management committee and the EMEA operating committee. He will be responsible for the distribution of all products across institutional, third party, private banks and investment banks in EMEA.
Keller will report to Rob Shafir, CEO of Credit Suisse Asset Management, and Fawzi Kyriakos-Saad, regional CEO, EMEA.
BlackRock has appointed Jack Chandler as global head of real estate. Chandler will oversee BlackRock's global real estate capabilities which extend across the capital markets and include both equity and debt investment products totalling $13bn in assets under management. (Global Pensions; 20 April 2011)
First State Investments (UK) has hired Kanesh Lakhani as managing director in charge of distribution across EMEA, a new role for the firm. Lakhani joins from State Street Global Advisors, where he was senior managing director of its UK business. He will report to Gary Withers, regional managing director for EMEA.
The firm said the new role is a sign of its increasing focus on growing distribution and sales across the UK and continental Europe.
Withers said: "We have had a particularly successful period in the history of our company, marked by significant growth, and we are determined to build on that success. Kanesh is a very experienced professional and he will lead our client servicing and sales teams and oversee the future development of our institutional and consultant relationships. He will play a key role in taking First State forward."
Baring Asset Management has hired Steven Carter as head of data management and John Poole as head of fund services. Both will be based in London and report to Laura Ahto, deputy chief operating officer and head of operations and technology.
Carter joins from Aberdeen Asset Management where he was head of their global data management team. At Barings, he will lead the development of the firm's data management strategy.
Poole will be responsible for management and oversight of the service providers to Barings fund ranges, the firm said. He was founder of Poole Consulting in Ireland, an investment management consulting firm.
RBC Dexia Investor Services has appointed Corinne Vitte director of relationship management in Zurich, Switzerland effective 2 May. She will report to Marco Siero, managing director of RBC Dexia in Switzerland. Vitte joins from Citigroup where she served in senior sales and relationship management positions.
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Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
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