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.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.