T. Rowe Price has expanded its Australian team with the appointment of a new client and consultant relations manager.
Jack Kewalram will be responsible for managing relationships with local research houses, select asset consultants and clients across both institutional and third party distribution sectors.
Kewalram has 15 years of experience in financial services, having held roles at Schroders, Mercer Investment Consulting and Citibank Australia.
Murray Brewer, director of Australia and New Zealand investment services, said the appointment would provide greater client and consultant service across a broader range of strategies.
Vista Chan has also been appointed as client operations manager for the Asia-Pacific ex Japan business, with responsibility for new client take-on and partnering with client relationship managers.
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.