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Former licensee chief takes new role

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... executive with a proven track record of leading large teams of people, driving transformational change and delivering results," AZ NGA chief executive and Nestworth chair Paul Barrett said. "We are extremely fortunate to have Helen on board at this critical ...

Poor gender diversity not a 'women's problem': Panel

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
... Galvin said. Leaders spearheading the initiative must also open and public about their goals, she added, noting that the results can "be really game changing." Looking at the business in its entirety, Rebecca Hill, the head of Morgan Stanley's wealth ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says. Appearing at the Stockbroker and Investment Advisers (SIAA) ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... part of a bigger piece for ASIC, in reminding trustees that they're expected to be accountable for the end services, results and retirement balances, "no matter how they go about things in the intervening years, whether they outsource their stance ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... horizons, now is the time to prioritise saving for a brighter future," she said. A survey from Equip Super yielded similar results. Six in seven Australians (85%) are more cautious about how and what they spend money on, given the rising cost of living ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... along with details on transaction, separation, and tax expenses will be communicated when Perpetual reports it full year results in August. Citi analysts noted that the market has reacted negatively to KKR's offer, with Perpetual's share price tanking ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... distributed to shareholders. The exact amount of these proceeds will be detailed during Perpetual's FY24 financial results announcement in August 2024. The Perpetual board said the sale of its wealth management and corporate trust businesses offered ...

HESTA names chief financial officer

ELIZABETH FRY  |  TUESDAY, 7 MAY 2024
... to welcome her permanently to HESTA's executive team. "Her track record and skill in delivering strong commercial results, developing financial strategy, driving innovation, and building talented teams will undoubtedly contribute to improving the ...

Janus Henderson acquires NBK Wealth, Tabula Investment Management

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... Wealth, as well as European ETF provider, Tabula Investment Management. The US$353 billion asset manager said in its Q1 2024 results that NBK Wealth's private investment team (NBK Capital Partners) will join the firm as its new emerging markets private ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... of $A3.7 billion, a 40% drop from FY23, influenced by high volatility in commodity markets that previously boosted FY23 results. Macquarie's net operating income fell by 12% to $16.9 billion, while its operating expenses of $12.1 billion remained consistent ...
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