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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for FY2024–25, driven by a recovery in ...
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Markets climb 'wall of worry' to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

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Diversified portfolios deliver for industry funds as markets flourish

Another strong year for equities, both domestic and global, has driven largely positive returns for these industry super ...

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VanEck warns of looming US asset unwind as key risk signals flash red

VanEck has signalled an impending major unwinding in US assets, after issuing a warning that the world is largely ...

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Metrics makes 2 acquisitions ahead of consumer lending expansion

Metrics Credit Partners has completed the acquisition of Taurus Financial Group and BC Investment Group as it looks to ...

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BNY Trust appoints two

  •  
By Charlie Corbett
  •  
2 minute read

BNY Trust has appointed a managing director and chief operating officer and scrapped the job of chief executive.

Financial services group BNY Trust, the joint venture between Bank of New York Mellon and Trust Company Australia, has appointed John McGee as managing director and Mike Thomson as chief operating officer.

McGee was a non-executive director on the board of BNY Trust and has worked in the mortgage and property industry for 20 years.

His most recent job was with real estate manager Rismark International where he was chief operating officer.

McGee also sits on the boards of biotechnology company Progenix and alternative investment specialist Westpac Funds Management.

 
 

Thomson is an internal appointment. He was previously chief executive of the firm, a position that no longer exists now that McGee has been made managing director.

BNY Trust was formed in 2005 and provides trustee services for debt issuers, including corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings.