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Showing 1 - 10 of 3302 results for "Acquisition"

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... one of two key strategies to achieve synergies when it acquired Australian Executor Trustees (AET). At the time of acquisition, Equity Trustees announced its intention to exit the AET platform business and outsource the administration of the Small APRA ...

Generation Development Group to take over Lonsec

KARREN VERGARA  |  MONDAY, 3 JUN 2024
... In 2020, GDG paid about $20.1 million to acquire a 37% stake in Lonsec. GDG chief executive Grant Hackett said the acquisition will provide GDG with "full ownership of a highly strategic asset in an attractive segment of the wealth management sector." ...

Regal Partners acquires Merricks Capital

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... co-investment vehicles for a broad range of wholesale wealth management firms, institutional clients and family offices. The acquisition will cost Regal approximately $235 million, comprised of a cash payment of $40 million, subject to customary net ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... community. We have no desire to be the largest, our desire is simply to be the best, and to work with the best. This acquisition takes us closer to this objective," Steinhardt said. The move comes about eight months after Madison partnered with Godfrey ...

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
Practice management, advice technology, and superannuation are top of mind for financial advisers who want to improve their aptitude and knowledge, according to professional networking platform Ensombl. The analysis of adviser conversations stemming ...

HMC Capital scoops up Payton Capital

ANDREW MCKEAN  |  FRIDAY, 24 MAY 2024
... contingent on meeting unspecified performance targets. In an ASX announcement, HMC cited the strategic rationale for the acquisition was borne from a "golden period" of high risk-free rates and strong credit risk premiums for private credit. It also ...

Australian Ethical snaps up asset manager

ANDREW MCKEAN  |  THURSDAY, 23 MAY 2024
... income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion. The acquisition will see both firms merge their fixed income capabilities, expanding Australian Ethical's bond fund portfolio, and growing ...

Financial services firms concerned about attracting staff

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... prioritise their ability to grab the attention of talented professionals." Gorton said businesses can overcome talent acquisition challenges by developing a strategic action plan. The research found that the perceived reasons for Australian companies' ...

Centuria launches new wholesale fund

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... coupled with low forecast retail supply and vacancy, it provides compelling fundamentals for the retail sector." The acquisition underpins the single-asset, closed-ended wholesale fund. "Halls Head Central is now our third retail asset within the City ...

Seven fund managers scoop up First Sentier mandates

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... Management when it was owned by Commonwealth Bank. Last week, a Mitsubishi UFJ Financial Group subsidiary finalised its acquisition of Link Group, which sees the rebirth of the latter into MUFG Pension and Market Services. Link also delisted from the ...
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