Investment Management

The Investment Operations Conference that took place last week on 24 February in Sydney, Australia brought together those shaping the evolution of investment operations for Australian institutional investors.

The conference included Adam Zani, Thomas Murray's Director for Australia and New Zealand, who was a panellist at the event talking on the subject of the evolving role of the Custodian Bank. 

Nothing demonstrates better the domination of intermediaries than the differential response of broker-dealers and fund managers to demands from regulators for “best execution” and demands from regulators for “best practice” in the use of execution commissions.

The report of the Outsourcing Working Group (OWG), which was published last week, contained no surprises. Its contents became available in advance and its membership...