Challenger appoints and loses an independent director
Duncan West is the latest independent non-executive director to be appointed to the Challenger and Challenger Life Company boards. West comes from roles as a general manager of insurance at MLC and NAB Wealth, having also sat on several insurance company boards. Graham Cubbin is not standing for re-election at the next annual general meeting after sitting on the board since 2004.
State Street appoint global markets head
The new head of global markets for the Asia-Pacific region at State Street is Michele Hardeman, moving from the United States to Hong Kong, remaining within the company.
FinTech Australia CEO resigns after four months
Brad Kitschke resigned as chief executive at FinTech Australia after just four months, citing health reasons. The company is seeking a new head.
Hedge Fund Industry Awards
The annual Hedge Fund Industry Awards have held another successful Hedge Funds Rock gala dinner in Sydney, a gala to raise money for children’s charities. The winners of the Hedge Fund Industry Awards are:
Best Emerging Manager: Munro Global Growth Fund managed by Munro Partners
Best Long/Short Equity Fund: Tribeca Global Natural Resources
Best Market Neutral Fund: Totus Capital
Best Global Macro Futures Fund: Core Capital
Best Multi-Strategy Fund: Perpetual Income Opportunities Fund
Best Fixed Income and Credit Fund: Alexander Credit Opportunities Fund
Best Offshore Manager Operating in Australia: BNY Mellon
Best Listed Alternative Investment Product: Platinum Capital
Best Investor Supporting Australian Managers: Koda Capital
Best Alternative Investment Manager of the Year: Perpetual Investment Management
Contribution to the Australian Hedge Fund Industry: John Hempton of Bronte Capital
Kell resigns from ASIC
Peter Kell is leaving ASIC after many years as the deputy chair. Kell started at ASIC in 2011, and was promoted to chair in 2013. Kell’s resignation comes into effect in early December.