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| | | The Australian stock market was down at midday following a negative lead from Wall Street. The banking sector was again suffering with analysts speculating that stocks were being short sold. At 1207 AEDT, the benchmark S&P/ASX200 was down 75.2 points ... |
| | | | Global financial services firm Morgan Stanley has appointed Owen Thomas as chief executive of its Asia division. Thomas has been serving as president of Morgan Stanley Investment Management (MSIM) since December 2005, and will commence his new role ... |
| | | | The New Zealand Superannuation Fund posted a negative return over the six-month period to December last year, citing continued global equity market volatility. The fund's full year net return on investments to June 2007 was 14.5 per cent before tax ... |
| | | | Credit Suisse Asset Management Australia has appointed former van Eyk research head, Jerome Lander, to head of international equities and portfolio of diversified assets. Lander will manage the international equities and portfolio of diversified assets ... |
| | | | MFS Diversified Group is proposing to change its name to 'GEO Property Group' as it seeks to distance itself from the recent turmoil surrounding the listed business, MFS Limited. Under the proposal MFS Diversified will be renamed GEO Property Group ... |
| | | | Commonwealth Bank's wealth management business posted double-digit growth thanks to institutional cash mandates, investment returns and inflows into FirstChoice in the six months to December. The bank was not immune to the impact of the sub-prime asset ... |
| | | | AMP has announced solid full year cashflows for 2007, including a whopping 47 per cent growth in its financial services business, which includes the firm's retail and wholesale superannuation divisions. AMP's underlying profit increased 10 per cent ... |
| | | | Macquarie Private Wealth has appointed five private wealth specialists to its Perth office. Ian Walters, Wilfred Ong, Graydon Hanly and Jon Matsen were appointed private client advisers in the stockbroking team. These appointees have more than 20 years ... |
| | | | The Australian stock market was marginally in the black at noon on the back of a positive US lead and a stronger oil price overnight. At 1202 AEDT, the benchmark S&P/ASX200 was 0.6 of a point higher at 5,538.2, while the broader All Ordinaries was up ... |
| | | | Diversified financial services provider, Aon, has announced its decision to outsource its superannuation administration services to specialist provider, Pillar Administration. Aon Consulting's managing director, Stewart Fotheringham, claims that the ... |
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