Insto roundup: FWD files for ADR listing in New York; Nippon Wealth Life fully acquired by parent firm
Intrust Super chief executive to step down after merger; Aware acquires site for essential worker affordable housing; China bans cryptocurrency-related business activities; Hong Kong insure FWD filed for US listing of ADRs; Nippon Life acquires wealth life insurance from MassMutual; NPS to hire five investment managers to diversify portfolio; Malaysia to review Spacs framework; EPF reports $8 billion investment income; and more
AUSTRALIA
Brendan O’Farrell, the chief executive of industry super fund Intrust, has said he will leave the fund after it completes its merger with Hostplus.
The AU$2.6 billion ($1.89 billion) fund confirmed in June that it was in talks with Hostplus for a merger, which would form a AU$69 billion fund.
O’Farrell had said in a statement that the funds aim to combine their competitive advantages for the benefit of members.
He has been the CEO of Intrust since 2005, and had led…
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