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Showing 1021 - 1030 of 7863 results for "Board"

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... pricing in a "Goldilocks" scenario. Whilst this would be a welcome outcome, we see risks on the downside," he said. "The board is focused on maintaining a portfolio that is resilient to a range of scenarios while delivering attractive risk-adjusted returns. ...

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... specific employee compensation matters, a spokesperson for Citi said that the group, in conjunction with the fund's board of trustees and external consultants, "have worked closely with members to ensure an equitable outcome." Citi's decision ...

Unlisted asset valuation flaws complicate comparison

ANDREW MCKEAN  |  TUESDAY, 29 AUG 2023
... forming the valuation. That's about use of independence, a regular cycle of review within the team, and oversight by the board," Patrick said. That will give a member some level of confidence that the price at which they're transacting, whether ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... chief executive Andrew Clifford has announced he will vacate the top job but remain as co-chief investment officer. The board confirmed it will shortly commence the hunt for Platinum's next chief and said Clifford will remain in the role on an interim ...

legalsuper chief operating officer exits

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... legalsuper's members, Australia's legal community," he said. "Trevin goes with the gratitude and very best wishes of the board, executive team and all legalsuper colleagues for his strong contribution during his tenure," said Symons.

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... from June 2022. This was driven by a net cash inflow of $4.8 million, offsetting dividend payments of $3.9 million. The board declared a fully franked final dividend of 2.0 cents per share to be paid at the end of September, delivering fully franked ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... sale comprised $2.5 billion in cash and a $500 million equity interest in Resolution Life, equivalent to a 19.3% stake. The board backed this decision, citing Resolution Life's superior capability to manage these businesses. Francesco De Ferrari, AMP's ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds. In a joint statement, ISA and AIST said the merged entity ...

Zenith chief exits, names successor

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... end of the year but remains at Zenith to take on a newly created role of investment director. He will remain on the local board and executive team. Wright co-founded Zenith in October 2002 with David Smythe, which at the time provided model portfolios ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... transition to SS&C's ownership. Elsewhere, Iress reported a net loss of $139.8 million for the first half. As such, the board will not pay an interim dividend, saying it will instead focus on paying down debt. Some of the items attributed to the ...