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10 September 2025 by Adrian Suljanovic

Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns over cost-cutting, offshoring ...
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How $2.68tn is spread across products and investments

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Private credit growth triggers caution at Yarra Capital

As private credit emerges as a fast-growing asset class, Yarra Capital Management remains cautious about the risks that ...

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CBA flags end of global rate-cutting cycle

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ETF market nears $300bn as international equities lead inflows

The Australian ETF industry is on the cusp of hitting $300 billion in assets under management, with VanEck forecasting ...

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Lonsec joins Count in raising doubts over Metrics funds

Lonsec has cut ratings on three Metrics Credit Partners funds, intensifying scrutiny on the private credit manager’s ...

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Vanguard in staff shake-up

  •  
By Stephen Blaxhall
  •  
2 minute read

Vanguard head of institutional business Ian Alcock is to take control of the group's Australian operation.

Vanguard head of institutional business Ian Alcock is to take control of the group's Australian operation.

The move comes as incumbent Jeremy Duffield moves to a regional role as the group's Asia-Pacific managing director.

Duffield will maintain overall responsibilities for Vanguard's Australian and Asia-Pacific operations. International head Trevor Chudleigh will keep his responsibility for the Japan and Singapore offices.

Chief investment officer Eric Smith will also focus more on the larger region, but continues in his existing position. Robin Bowerman is to continue as the head of Vanguard's retail business

Vanguard has added Chris Stevens as head of IT to its senior management team. Stevens, reporting to Alcock, takes responsibility for IT strategy, infrastructure and operations services, as well as business relationship management, across Australia and Asia operations.