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Showing 21 - 30 of 74 results for "NewCo"

CFS taps senior Qantas Super executive

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... prioritise Royal Commission recommendations, refunding customers and remediating past issues The new company, to be called NewCo, which includes CFS, reported an indicative cash net profit after tax of $147 million for the first half of FY19.

AFCA hits the road

HARRISON WORLEY  |  FRIDAY, 3 MAY 2019
The Australian Financial Complaints Authority will travel Australia in an effort to learn from the community and increase awareness of its services. The dispute resolution body is set to embark on a national roadshow, visiting more than 70 regional ...

Wealth heavyweights join FSC board

HARRISON WORLEY  |  THURSDAY, 4 APR 2019
... has spent the last six months leading the demerger of CBA's wealth business, having been appointed chief executive of its NewCo entity last October. He previously spent more than 20 years at Westpac and BT Financial Group, including as group executive ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... of its advice and service delivery functions, Credit Card Plus, CommInsureLife Insurance, CommInsureLoan Protection and NewCo Indemnity. $245 million is to be spent on remediating banking customers on package fees, and interest and remediation. CBA's ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus and Mortgage Choice - together termed as "Newco." SocietyOne managing director and chief executive Jason Yetton was appointed as NewCo chief executive at October end. CBA's ...

CFS swaps global equities managers

KANIKA SOOD  |  FRIDAY, 14 DEC 2018
... Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus and Mortgage Choice - together termed as "Newco." SocietyOne managing director and chief executive Jason Yetton was appointed as NewCo chief executive at October end. CBA's ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... impacted from the provisional allocations. The bank said $200 million will be held as an indemnity provision for historical NewCo-related remediation issues, including ongoing service fees charged by aligned advisers in the wealth management group. NewCo ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... said. New wealth heads CBA has also appointed a new chief executive and a chief financial officer for its wealth business, NewCo, which will include Colonial First State, Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years. NewCo, or Commonwealth Bank's newly-branded wealth management and mortgage broking company preparing to demerge in 2019 ...

MetLife revamps relationship management and underwriting teams

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
MetLife Australia made several senior appointments to its relationship management and underwriting teams. Rachel Towell and Stuart White are the latest to join the life insurer as state managers for New South Wales and ACT, and Queensland respectively. ...