Investec has announced it will launch an equity derivatives platform in July, which will be run by new recruit David Jones-Prichard.
Jones-Prichard joined the specialist bank in March to build the equity derivatives capability, which will complete Investec’s financial markets platform spanning debt, equity, commodities, currency and now equity derivatives.
He joined from J.P. Morgan where he spent the last six years establishing the structured products trading desk in Australia.
Investec has also added two new natural resource experts to its banking team, Hugh Thomas as managing director and head of the natural resources team, and Stefan Edelman.
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.