Australia’s fund management industry has grown significantly to $4.3 trillion in FUM, however complex regulatory policy prevents the nation from properly competing with international peers, according to FSC and KPMG.
Pinnacle has reported challenges in the domestic retail and institutional market where it is expending resources to ensure it is ready for a market recovery.
The firm’s new platform has initially launched to assist self-directed retail investors, with the hopes of soon adding adviser-specific features and a referral program for financial advisers.
Dexus chief executive Darren Steinberg has announced his intention to step down in 2024 after more than a decade in the role, sparking a global search for his successor.
The financial services group is the sole Australian firm to sit among the top 50 investment managers across the globe, but Australian firms have seen a decrease in AUM overall, the Thinking Ahead Institute finds.
