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Showing 31 - 40 of 132 results for "WAM"

Praemium rejigs executive team

ANNABELLE DICKSON  |  TUESDAY, 7 SEP 2021
The platform has given its chief commercial officer responsibility of business strategy and promoted its head of distribution to the executive leadership team. Praemium's chief commercial officer Mat Walker will now oversee business strategy in addition ...

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
The platform recorded 105% growth in funds under administration in its full-year results while profit after tax dropped 68%. Praemium recorded $1.5 million in profit after tax down from $4.0 million in FY20. Overall, revenue increased 28% to $65.8 million ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The ASX-listed platform business has announced a permanent chief executive, replacing Michael Ohanessian. Anthony Wamsteker, who was appointed interim chief executive and an executive director in May, will step into the role permanently on August 16. ...

WAM Global performance rises

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... company has announced a record investment portfolio for FY20, outperforming the index by 3.2%, ahead of its full-year results. WAM Global recorded investment portfolio performance of 30.7% and total shareholder return of 45.9%. The performance led to ...

WAM Global to acquire LIC

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
WAM Global Limited has entered a scheme of implementation arrangement with the discounted LIC Templeton Global Growth Fund to acquire 100% of TGG shares. WGB is already a shareholder in TGG and wants to acquire the shares it does not hold. TGG investors ...

Goodments by Douugh now in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
US-based investing app Goodments by Douugh is now available in Australia, offering brokerage-free access to US stocks and ETFs. Goodments was founded in 2017 by former ANZ financial adviser Tom Culver and then-Leo Burnett advertising executive Emily ...

Praemium chief executive exits

ANNABELLE DICKSON  |  FRIDAY, 21 MAY 2021
The platform chief executive has suddenly left the company after almost a decade in the role as Praemium calls in consultants to review the international business. Michael Ohanessian joined as chief executive in August 2011 and was terminated by the ...

WAM sees court win over Keybridge

ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
Keybridge Capital has lost its legal battle against WAM Active over the latter's takeover attempts from last year. In June 2020, Keybridge launched legal proceedings against WAM alleging it had improperly transferred 16 million Keybridge shares into ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... UBS Australia ($51 million), Challenger ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million). Commonwealth Bank had the highest tax payable bill from the big four banks at $3.2 billion, followed ...

Praemium board bungle

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
A non-executive director of the platform provider has been forced to step down following an administrative error, while the former Powerwrap chair has been appointed to the board. Claire Willette has stepped down as a non-executive director after her ...