Welcome to the inaugural edition of "Investment Intel: Australia". We're delighted to introduce this curated weekly newsletter containing key news and insights from the Australian market specifically to suit the needs of Asia-based investment managers.

At APAC Financial Services, we understand the importance of staying informed in a fast-paced and dynamic market. Our commitment is to deliver the most essential information to support your efforts in promoting, distributing, or raising capital in Australia’s growing wealth management sector.

Please contact me if you would like any further information about our newsletter or our services. If you could help us by forwarding this email to anyone you know who would value receiving this information, please click the 'forward' button below and encourage them to subscribe themselves.

Best wishes,

David Thomas
APAC Financial Services
Email: davidthomas@apacfinancialservices.com

Current News and Insights

Australian Retirement Trust (ART) has appointed David Anderson as its new Chief Executive, succeeding Bernard Reilly. Anderson joins ART from Mercer where he worked for the past 25 years, most recently as the global chief commercial officer based in London. ART is Australia’s second largest super fund with A$230 billion under management. Read more here....

The Australian Federal Government has announced changes to foreign property investment in an attempt to boost housing stock. The changes include higher fees for the purchase of established homes, increased penalties for leaving properties vacant and reduced application fees for foreign investment in build-to-rent projects. Read more here...

Following the recent announcement that the Queensland Investment Corporation (QIC) has opened an office in Singapore, a number of staff will be relocating to Singapore. Vicky Wei, Head of Greater China, and Shiree Hocking, Director of International Distribution for ME and SEA will relocate from Brisbane to Singapore. QIC previously said the opening of a Singapore office is designed to strengthen local partnerships and capital opportunities with Asia-based institutional investors. QIC has US$65.39 billion in AUM as at June 2023. Read more here...

AustralianSuper has increased its current mandate with Churchill Asset Management (a Nuveen affiliate) to US$1.5 billion, as part of its plan to increase exposure to US private credit.  AustralianSuper has over $4.5 billion invested in private credit globally. Read more here...