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.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
Economists have warned inflation risks remain elevated even as the RBA signals policy is sitting near neutral after its latest hold.
Australia’s superannuation funds are becoming a defining force in shaping the nation’s capital markets, with the corporate watchdog warning that trustees now hold systemic importance on par with banks.