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IOOF completes merger, appoints executivesBY ELIZABETH MCARTHUR | TUESDAY, 1 JUN 2021 12:25PM
IOOF completed its acquisition of MLC Wealth from National Australia Bank yesterday, adding 406 financial advisers to IOOF and making key appointments.
Read more: IOOF, MLC Wealth, National Australia Bank, Darren Whereat, Garry Mulcahy, AustralianSuper, Godfrey Pembroke, Sawsan Howard, TenFifty
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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