Following in their fathers' footsteps has been a generational trend for Michael and Matt Heine, joint managing directors at netwealth. This week, we speak with the father/son duo about the lessons learnt from one another, some new developments alongside their transition to life as a listed company and some 'lessons from history' that help to steer their family in the right financial direction.
This week, Industry Moves catches up with some high profile movers who have left our sandy shores and are now settled in the USA, UAE and the UK. We ask their advice on how to best settle into a new culture, about the local issues that are influencing their work, and to share what they most enjoy about their home away from home.
SuperRatings’ Fund of the Year awards is a night for the industry to let down its hair and celebrate the funds that have stood out from the pack. Last Thursday, 430 people attended the 15th annual award ceremony, at Melbourne’s Grand Hyatt hotel, which saw Sunsuper take out the crème de la crème of awards, Fund of the Year, for the third time in eight years, and HESTA named as the inaugural Career Fund of the Year for providing the best offering tailored to its sector. Industry Moves was there too and we're delighted to bring you a round-up of what the winners had to say, as well as a peek at the winners from years passed.
With three quarters of 2017 done and dusted, we bring you a snapshot of the appointments and departures for the last quarter - including the percentage of female appointees - plus a comparison report, year on year, since 2014.
What advice would you give to someone just starting out in the finance industry? That’s the question we've posed to a range of experienced industry executives as part of our regular weekly Q&As. From an industry pioneer about to step down, to an entrepreneur who has left finance for a career in mixed martial arts, we bring you excerpts from their pearls of wisdom for the industry's shiny new recruits.
Three hundred seats have already been reserved at the Grand Hyatt Ballroom in Melbourne for the SuperRatings and Lonsec Fund of the Year Awards Dinner. It is the 15th year that SuperRatings, and more recently Lonsec, have acknowledged and awarded those funds at the top of their game. With the nominations for the awards recently announced, and with just 2 weeks to go before the black tie event, we list the funds in the running for this years awards and take a closer look at the individuals nominated for the BTIM retirement innovation award.
With an analytical eye, Industry Moves has been viewing its data vault since 2013, to find out how the industry's women fare when it comes to CEO appointments. Below is a snapshot of our research and a look back at some of the impressive women who have been awarded the top job!
With cancer estimated to claim the lives of more than 47,753 Australians this year and costing the nation more than $4.8 billion per year in direct health system costs, TAL has decided to equip its financial advisers with the knowledge to better understand cancer and its effects through a new education course. Industry Moves speaks with TAL's GM for Health Services, Dr. Sally Phillips, and GM for Retail Distribution, Niall McConville, who tell us more about the desired outcomes of the course, how it came about and share some of the feedback from participants so far.
Queenland’s Palaszczuk Government has recently announced its second social impact investment initiative, the #YouthChoices Social Benefit Bond (SBB), which aims to reduce the current 80% recidivism rate for young offenders in the QLD region. The Bond, arranged by NAB, will fund a therapy program to be delivered by one of Australia’s largest social purpose organisations, Life Without Barriers. With investments due to close in just under two weeks, Industry Moves caught up with James Waddell, Director for NAB’s Capital Financing Product Group and Brad Swan, Executive Director, Strategy and Engagement at Life Without Barriers, to find out a little more.
Flexible working is at the top of priority lists for many job seekers these days, with 38% of respondents in a recent survey rating it more important than pay. But flexible working is often viewed by others as signalling a lack of commitment to the job or with an expectation that pay rates should be lower. Gemma Lloyd, co-founder of DCC Jobs, Australia's first, and only, job site that screens organisations around the policies they have in place for supporting women in the workplace, is doing her very best to change negative perceptions around flexibility and to ensure women have access to the workplaces of the future. We asked her some questions to find out more.
Digital disruption is a hot topic with many commentators suggesting that new technologies will soon over-shadow traditional methods. New research from Deloitte however finds fintech actually hasn't established itself as a significant player in the industry. Not yet, anyway.
Australian super funds could soon be required to hold Annual General Meetings (AGMs) if the government’s flagged changes to governance go through. AGMs are a thorny issue for the companies that hold them. Australian law currently requires that physical meetings are held, and that shareholders are individually notified. Research by Computershare found that one company spent nearly $1 million on its AGM, which would have been $5/per investor, but only 100 investors physically attended, driving the cost to nearly $10,000 per investor.
There’s a whole industry that has developed around providing advice for good “leadership”. It’s actually worth billions, this new industry. Someone who doesn’t care too much about the theory but who delivers, to the delight of thousands of Richmond football club supporters each week, is Brendon Gale.
This week Industry Moves attended an event hosted by the 30% Club and Xplore for Success, in partnership with venue sponsor PwC. An excellent panel of speakers, including world-leading researcher and author on men and masculinities, Dr Michael Kimmel, provided the audience (18% of which were male) with some thought-provoking insights into the issue of gender equality in the workplace.
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.