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Showing 1 - 10 of 2372 results for "Institutions"

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... over US$60 billion in AUM, are the biggest standalone digital advisers in the US that are not backed by established institutions. In January 2022, UBS announced it was interested in acquiring Wealthfront but rescinded an offer tipped to be worth US$1.4 ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... fraud controls were increasingly important and the case against Macquarie has sent an important message to financial institutions and other financial service licensees that they must have appropriate controls in place. "While Macquarie implemented effective ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... over 20 clients to its Equate product, which offers online tools and calculators to credit unions, banks, lending institutions, and other financial services organisations. GBST also renewed a five-year contract with an Australian Tier 1 financial services ...

Superhero introduces $2 brokerage

KARREN VERGARA  |  MONDAY, 15 APR 2024
... "Superhero leverages a sophisticated omnibus model for its online trading platform, typically reserved for major institutions, which streamlines operations and reduces costs, and benefits that are directly passed on to customers," he said. From May 1 ...

Former AMP Capital research lead joins family office

ELIZABETH FRY  |  MONDAY, 15 APR 2024
... particularly as these family offices grow and expand into more unlisted funds, and diversity their capital bases to include institutions, "he said. As family offices invest more in complex investment products like real estate debt, and private equity ...

Global Alternative Funds names managing director

ELIZABETH FRY  |  MONDAY, 15 APR 2024
... will continue to expand GAF's client base of high-net-worth investors, family offices, endowments and smaller institutions. Before joining GAF, Brandt worked at Everest Financial Group, Ellerston Capital and van Eyk Research. GAF founder and former ...

Citi Australia managing director takes on expanded remit

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... Citi Australia has expanded the remit of managing director Nicki Ashton, appointing her as the head of financial institutions sales and solutions (FISS). In her new role, Ashton will provide strategic oversight of Citi's engagement and support for institutional ...

GBST develops private equity platform

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... access to private markets was limited," Caser said. "We've seen Australian private equity firms turning to offshore institutions and domestic private wealth platforms as superannuation funds retreat from the middle market. "But we've now changed all ...

GIP Australia Fund surpasses new milestone

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... account for nearly half of GIPA II's commitments. The majority of GIPA II's commitments, by value, are from Australian institutions, GIP said. GIPA II is a dedicated Australasia-focused open-ended fund that extends GIP's flagship equity strategy to opportunities ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... assets and committed capital globally last year. The private credit market, which specialises in non-bank financial institutions such as investment funds lending to corporate borrowers, is now nearing market share equal to that of syndicated loans and ...
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