Say the word 'networking' to a room full of people and it will evoke one of two emotions: excitement for a new opportunity or complete and utter terror. Doing the rounds at an industry event is no easy feat, especially if you're going it alone, so we asked some top industry networkers to share their tips to help turn those nervous mumblers amongst us into confident, networking gurus with a strong handshake and a pocket full of business cards.
Simran Gambhir, director of tech firm Ganemo Group, recently transferred his super into one of the new millennial-focused funds, and found it a remarkably easy and enlightening process. Disgruntled with the processes of his incumbent, long-established fund he reflects on the changing face of super and outlines some ideas for how the old guard could and should be preparing for the 'super-invaders'; before it's too late.
Conversation around the disruption of the super industry is not new, but over the last few months the subject has been hotting up as various new players in the boutique super fund space have been entering the market. Are they just a flash in the pan, or have they got what it takes to lure members away from the well-established super funds? Industry Moves asks David Atkin, CEO of $38 billion industry super fund, Cbus, and Joshua Wilson, CEO of newly-established millennial focused fund, GROW Super, to weigh in on the hot topic and share their thoughts on the benefits of both boutique and traditional funds.
In our second quarterly roundup for 2017, we bring you a comparison report of appointment data from the past four years, including the percentage of those appointments awarded to women.
Our snapshot drills down a little further and we find that while the number of female executive appointments is still under 30%, there appears to be a healthy increase in the number of female board appointments for the quarter.
This week Dan Farmer and Stanley Yeo took over the reins at IOOF, as chief investment officer and deputy chief investment officer, following the retirement of Steve Merlicek. They speak with Industry Moves about the greatest lessons learnt from their former boss – a good dose of humour never goes astray – and their plans for the next 12 months. We also discovered Dan's favourite lunch spot and how Stanley found out the hard way that “failure is the mother of success”.
Following "a life changing experience" at Oxford University, Giles Gunesekera was inspired to put his learnings to good use and create Global Impact Initiative (GII) , a program that brings much needed capital from the corporate sector into the non-profit space - a "beautiful intersection" of his worlds. Giles tells Industry Moves about some of his passion projects at GII, including an impact fund set up to support the empowerment of girls and women, and names the amazing people, in and out of the industry, that have influenced his life and career.
Last year, 14.9 million Australians donated to charities and non-profit organisations, totalling an impressive $12.5 billion in much-needed funds. With tax time just around the corner, and with 60% of Australian donors giving in the spur of the moment, we thought we’d lend a helping hand for our readers looking to make a last minute donation, and highlight some of the wonderful charities that our interviewees have shared with us so far this year.
This week ASIC provided a spotlight on shortcomings of the Australian funds management industry’s compliance framework, highlighting results that showed less than one third of 28 responsible entities, managing over $49 billion in managed investment schemes, had an adequate whistleblowing framework in place. Industry Moves caught up with an expert in the field, Robert Somerville, director of risk advisory at Deloitte , who spoke of Australia's maturing process around whistleblowing, the best way to protect a whistleblower's anonymity, and the importance of training to benefit both employees and organisations.
Last month, we spoke with Alisdair Barr about Grad Mentor, a mentoring program that matches 'top graduates' with financial planning firms, to support graduates' first steps in the industry. This week, we speak with a Macquarie University graduate and a senior adviser at the planning firm that 'took him on', to find out their views on engaging young professionals, the role of mentorship in the industry and what they each gained from being a part of the program.
Some say I might be a little crazy, but I LOVE walking into a room full of people that I don’t know. Do you know why? Because I get to meet new people and I get such a buzz out of it. But what I love more is I get to find out and understand what makes other people tick. I bounce out of bed in the morning because I love connecting with and understanding the drivers of others.
Networking can be seen as a dirty word, but really it’s just about giving a little bit of yourself to another person and you, too, understanding a little bit more of another person - all in the search of a common connection. I think it can provide such a positive outcome to all involved.
Industry Moves is featuring a series of articles from Stone & Chalk chief technology officer, Simran Gambhir, on the topic of super fund disruption, with particular focus on the need to engage with millennials, the increase in ideology-based investments, and the impact of crowd-funding. In this week's piece, Simran suggests the industry is "ripe for Uberisation".
Last night the Australian chapter of the 30% Club - a group of chairs, directors and business leaders taking action to increase gender diversity on Australian ASX listed boards - celebrated its second anniversary, hosted by Bloomberg, in the firm's sustainable office space at No.1 Bligh Street, Sydney.
Tony Golsby-Smith is passionate about encouraging people from all walks of life to think creatively, flexibly and collaboratively. He started his career as a school teacher and now leads strategic innovation firm, Second Road, working with some of Australia’s biggest companies. This week, he speaks to Industry Moves about the importance of engaging both sides of the brain, why we shouldn’t fear the automation of the human workforce and how the ‘Experience Economy’ is a game-changer.
In the early 90s John Hewson's Environment Policy was overshadowed by the buzz of the GST, and he has since spent the last three decades being a champion for climate change awareness and fighting to make a difference. This week, he spoke with Industry Moves about why he thinks the current government's stance on climate change is "indefensible", told us of an upcoming project that could provide 24/7 power using sugarcane, and outlined what his priorities would be if he was Prime Minister today.
Last week the FSC and the SMSF Association hosted the inaugural Women, Super and Wealth Summit at Sydney's Sofitel hotel, gathering the industry together to share thought-provoking ideas and startling figures about women's financial wellbeing. This week, Industry Moves spoke with FSC CEO, Sally Loane, and outgoing managing director and CEO of the SMSF Association, Andrea Slattery, about the highlights of the summit, the importance of mentorship and their key pieces of financial advice for women and girls.
Industry Moves is, and always has been, primarily about people - mostly from our industry but also those from outside the industry who inspire us and change the way we see the world. This week as the nation celebrates ANZAC Day we hear from Graham Long, self confessed "tower of weakness" and CEO & Pastor of The Wayside Chapel, who looks back on his visit to the battle fields of WWI and the lessons we can all learn about the value of human life.
Broadly, we do experimental research on decision-making, at the level of both individuals and markets. We are particularly interested in how people learn and how they solve complex problems. Some of the questions we are currently addressing include how people react to extreme events (e.g., a financial market crash) and why they tend to over-react, how people solve complex problems (e.g., innovation) and how we can make them better at it, and the effect of robo-traders on financial markets and why humans will remain important in markets with robots.
Disruption in the superfund industry is often the elephant in the room. The process is working well, why change things now? Industry Moves met with Stone & Chalk's chief technology officer, Simran Gambhir, who said that while start-ups and corporate organisations can be like "mating mice with elephants", it's important that we open our eyes to what lies ahead. He also shared his predictions for the major industry disruptors, offered his thoughts on the makings of a successful entrepreneur and showed us a Youtube video that completely changed his life.
The title of ‘Philanthropist’ is no longer a title exclusively held by Australia’s wealthiest, with the recent Giving Australia 2016 report showing that nearly 15 million Australians donated approximately $12 billion in philanthropic funds last year. The report also highlights that while less people are digging deep into their pockets, those who are tend to be donating more than those studied for similar reports in 2005.
In our first quarterly roundup for 2017, we bring you a comparison of moves data from the past five years, including the number of appointments and departures year-on-year and the percentage of those appointments awarded to women. In our quarterly snapshot, we drill down further on the last three months and list the number of movers and the organisations, by sector, involved, as well as the number of roles awarded internally. We also revisit some of our interviews with the biggest movers of the year and share a tip on how to search Industry Moves to find the people behind the stats.