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AXA IM in strategic overhaulBY JAMIE WILLIAMSON | THURSDAY, 12 MAR 2020 12:39PM
AXA Investment Managers is splitting its asset management business in two, creating a dedicated alternatives business that will run alongside a strengthened core investments business. As such, AXA IM's leadership team has also been overhauled.
Read more: Rosenberg Equities, AXA IM Core, AXA IM Alts, AXA IM Real Assets, AXA Investment Managers, Framlington Equities, Florence Dard, Bettina Ducat, Francisco Arcilla, Gerald Harlin, Heidi Ridley, Paul Flavier, Deborah Shire, Hans Stoter, Isabelle Scemama, Matthew Lovatt, Matthieu Tonneau
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
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Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
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ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
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At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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