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.
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".
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.
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.
TelstraSuper’s Jean-Luc Ambrosi, Willis Towers Watson’s Andrew Boal and Madison Financial Group’s Cheyenne Walker form our hot topics panel this week, in response to questions arising from Deloitte's recent research around how organisations can best prepare for the future and embrace the ever-evolving digital era.
The 2017 Deloitte Human Capital Trends Report revealed that the top three areas of focus for Australian companies needs to be creating a great employee experience, designing the organisation of the future and redesigning learning programs to suit the ‘digital age’. We spoke with Juliet Bourke, Partner in the Deloitte Human Capital Practice, Australia, about how organisations can ‘future proof’ themselves, why traditional organisational hierarchies will soon be a thing of the past and both the positives and negatives of digital disruption.
If you listen carefully at 7am on a Monday morning, you will hear the collective groan of thousands of people from across the city as they shuffle out of bed, into their shoes and onto the next available train.
Packed together like a tin of sardines on the morning commute, everyone is feeling groggy, under-caffeinated and in a state of shock about how quickly the weekend flew by.
The Newpin Social Benefit Bond was Australia's first attempt at following in the footsteps of other countries in an effort to tackle some of the most entrenched and ongoing social issues in our country. Launched in 2013, the early success of the NSW based project has lead governments across the country to rethink how they fund, test and deliver social services with a boost from private investors.
Here at Industry Moves we're fastening our party hats and popping champagne, because this week we're celebrating our 3rd Birthday! Since launching in 2014, we have reported on 4,564 moves, from 2,880 people across 622 organisations - that's a whole lot of phone calls! We've also conducted over 360 interviews, discovering the many quirks, talents and pearls of wisdom that those in the industry have to offer.
With a lack of infrastructure projects available for investment in Australia, the major not for profit super funds and their global fund manager, IFM Investors, have worked hard to secure large infrastructure projects oversees. With more than $A26.5 billion in global investments, IFM have targeted the North American region for investment in five major infrastructure projects over the last decade.