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Showing 1 - 10 of 48 results for "Papua New Guinea"

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... Westpac Pacific remains, after an unsuccessful attempt to sell it to Kina Securities; a deal rejected by the Papua New Guinea regulator. Throughout this period, Westpac continued to invest in its platforms, specifically Panorama, with the aim to enable ...

SWFs shrink for first time ever: Report

CASSANDRA BALDINI  |  MONDAY, 16 JAN 2023
... sovereign investors due to significant progress with SWFs that have been proposed and passed. "Namely in Mozambique, Papua New Guinea, and the Philippines," it said. "We shall also see more of the superannuation consolidation down under, with the merger ...

'We're living in the world China is making': Conference

ANDREW MCKEAN  |  WEDNESDAY, 27 APR 2022
... recognising Taiwan to recognising mainland China," Grant supposed. Likewise, China has established closer ties with Papua New Guinea, the Federated States of Micronesia and even countries like New Zealand have signed up to the belt and road initiative. ...

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
Investment banking giant UBS could be banned from Papua New Guinea and forced to repay tens of millions as a Royal Commission uncovers questionable conduct. A Royal Commission will shortly deliver its verdict in PNG after examining a 2014 decision by ...

FIRB reappoints Irvine as chair

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... Investment Review Board (FIRB) for a further two-year period. The former ambassador to China and high commissioner to Papua New Guinea was first appointed to the FIRB as a member in 2015 and subsequently appointed chair in 2017. Irvine has significant ...

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
Papua New Guinea's consumer regulator, the Independent Consumer and Competition Commission (ICCC), has denied Westpac's sale of its Pacific business to Kina Securities. Kina Securities was set to pay $420 million for Westpac Fiji and 89.91% of Westpac ...

MCP builds out team

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... of market strategy. Nash was most recently at Vision Super, prior to which he was chief investment officer at Papua New Guinea's Nambawan Super and PacWealth Capital. Nash has also previously held senior roles at State Street Global Advisors and FIIG. ...

PNG super fund to evict settlers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JAN 2021
Papua New Guinea's largest superannuation fund claimed victory over a small community which had settled on land owned by the fund more than two decades ago. Bushwara, a community outside of Port Moresby, was issued eviction notices by Nambawan Super ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
Westpac has announced the sale of Westpac Fiji and the majority stake of its operations in Papua New Guinea to Kina Securities. Kina Securities will pay $420 million for Westpac Fiji and 89.91% of Westpac PNG Limited which combined have net assets of ...

Former Cbus chief takes prime role at AMP Capital

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... with the highly capable team to take the organisation forward," Atkin said of his appointment. Atkin grew up in Papua New Guinea and while at university, wrote a research paper on how unions use masculinity to create hierarchies, Financial Standard reported ...
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