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
Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.
As Viola Private Wealth continues on its growth trajectory, the wealth management firm has appointed a seasoned investment professional to be its first chief investment officer.
Financial advisers who wish to implement artificial intelligence in their practices need to undergo a change in their mindset as to how they use technology.
With United Global Capital expected to constitute a substantial portion of CSLR compensation in FY25–26, what has AFCA ruled in its determinations on the company so far?
