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Showing 71 - 80 of 5255 results for "Credit"

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
ASIC has prolonged its product intervention orders for short-term and continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until ...

BlackRock grows private credit business

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
BlackRock has upped the number of private credit specialists in its antipodean team by recruiting a Nomura operative. Based in Sydney, Stephen Allan has been appointed head of Australasia and will lead the origination and sourcing of private credit ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... receivership alone, in the order of 35 to 40 cents in the dollar. For a Ponzi scheme that is quite a remarkable result and a credit to the receivers." Mackay Chapman acted on behalf of one client during the receivership of Maliver and Caddick's property. ...

IFM Investors appoints diversified credit leads

ELIZABETH FRY  |  FRIDAY, 15 DEC 2023
IFM Investors has made a few significant changes to its Australian diversified credit team to help drive growth in the asset class. The industry fund-backed investor has appointed Lillian Nunez and Hiran Wanigasekera as co-heads of the business. The ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... has prohibited former AMP Financial Planning (AMPFP) adviser Darron Mink from providing financial services or engaging in credit activities for five years. Mink, who was also the sole director of Newcastle's Pinnacle Financial and Investment Services ...

AustralianSuper supersizes Churchill Asset Management mandate

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... instalment reinforces the strength of our strategic partnership and their confidence in both our strategy and the private credit market," said Churchill chief executive Ken Kencel. "We believe we are currently in one of the most attractive investment ...

FSCP issues another registration prohibition order

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
The Financial Services and Credit Panel (FSCP) made another registration prohibition order against a financial adviser who tried to recommend an SMSF and investment products that were not suitable to a client. Melbourne-based Stephen Rogers, a representative ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... the bank was fined $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly ...

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
The Financial Services and Credit Panel (FSCP) has slapped a financial adviser with a "registration prohibition order" for being insolvent under administration. Timothy Leslie Anderson's registration as a relevant provider has been revoked from ...

IFM Investors appoints global head of strategy

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
... officer at Holland Capital Management. Her experience also includes senior roles at Barclays Funds and Advisory, as well as Credit Suisse. Misra, who is based in London, reports directly to IFM chief strategy officer Luba Nikulina. She'll spearhead ...