Standard & Poor's establishes 'out-of-cycle' research team
Standard & Poor’s (S&P) has responded to industry calls for more regularly updated research reports by creating a dedicated ‘out-of-cycle’ (OOC) ratings team.
S&P said the team was established to meet the increasing demand from managers to rate new or new to Australia products outside S&P’s usual peer group review schedule.
Graham Fox has been appointed as director and head of the new OOC team and will also be responsible for the multi-sector space. Fox joins S&P from Westpac Private Bank, where he was senior manager, product, and has 36 years experience in funds management, wealth management, investment banking and commercial banking.
The S&P Fund Services team has also changed, with Rodney Lay being appointed director and sector head for structured products. Lay joins S&P from Aegis Equities Research, where he was head of managed investments.
Meanwhile, Shane Brereton, formerly at Colonial First State, has joined S&P as a rating specialist while Sheela Veerappan, most recently at Mercer Australia, has also accepted a role of ratings analyst.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
