Search ResultsShowing 71 - 80 of 100+ results for Alex Burke
NAB to divest MLC
ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...
Venerable US manager eyes Australian expansion
ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
A US-based global investment manager with about $226 billion in assets is opening its first Australian office. American Century Investments, established in 1958, has expanded into Sydney and appointed Michelle Kidd as vice president, institutional ...
IOOF flags ANZ Wealth results ahead of acquisition
ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a ...
Government names AFCA board members
ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
Four industry figures, including a prominent Sydney financial planner, have been appointed to the board of the Australian Financial Complaints Authority (AFCA). The new members are Claire Mackay, Andrew Fairley, Erin Turner and Alan Wein. They join ...
RC suggests separating platforms and advice licensees
ALEX BURKE  |  MONDAY, 30 APR 2018
One of the key points made by Senior Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using ...
Nick Bolton back on ASIC radar
ALEX BURKE  |  MONDAY, 30 APR 2018
The former head of Keybridge Capital, whom ASIC banned from running a company in 2015, is being investigated by the regulator for allegedly acting as a "shadow director" of the company. Nick Bolton was previously Keybridge's managing director. He ...
SSGA boosts SPDR distribution team
ALEX BURKE  |  MONDAY, 30 APR 2018
State Street Global Advisors SPDR ETFs is welcoming two members to its national distribution team. The first, Linda Stangherlin, joins SPDR ETFs as national relationship manager - ETFs. She arrives from Zurich, where she was national sales manager ...
Royal Commission bad for super: Switzer
ALEX BURKE AND JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Switzer Group founder Peter Switzer argued that the Royal Commission is a "super-killing blood-sport" that will ultimately hurt super member balances. Writing in a Switzer Daily column, Switzer said he had mixed feelings about the Commission ...
First Super to vote against AMP board
ALEX BURKE  |  FRIDAY, 27 APR 2018
Following a recommendation from the Australian Council of Superannuation Investors (ACSI), triggered by findings from the Royal Commission, First Super said it would vote against the re-election of AMP's board at the upcoming annual general ...
ASIC grilled over negotiating with banks
ALEX BURKE  |  FRIDAY, 27 APR 2018
The Royal Commission today questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers ...
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