Barclays Capital has made a key Australian appointment within the mergers and acquisitions arena.
The company announced that it had appointed Daniel Janes as managing director, mergers and acquisitions, as part of the expansion of the regional investment banking business.
It said Janes would be based in Sydney and report to the head of investment banking in Australia, Cynthia Whelan, and the head of mergers and acquisitions, Asia Pacific, Jason Rynbeck.
Janes was previously employed by Royal Bank of Scotland, where he was head of consumer, healthcare and industrial in Australia and New Zealand.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
Australia’s second-largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets that deliver a combination of financial, social, and environmental outcomes.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.