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Showing 10501 - 10510 of 20558 results for "BEN"

CBA likely to appoint from within for CIO role

STAFF WRITER  |  FRIDAY, 2 MAY 2014
Commonwealth Bank (CBA) chief information officer Michael Harte will leave the group on mid-2014 to take up the role of chief operations and technology officer of Barclays Bank in London. It is likely that the replacement will come from within the CBA ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
Treasurer Joe Hockey has confirmed that he plans to raise the Age Pension eligibility age to 70 by 2035 in the upcoming Budget. Confirmation came in an interview with Alan Jones on 2GB radio in which the two men were discussing the Commission of Audit's ...

IOSCO recommends improved disclosure for direct products

ALEX DUNNIN  |  FRIDAY, 2 MAY 2014
The growth of directly distributed financial products has pushed a Joint Forum of the International Organisation of Securities Organisations (IOSCO) to call for improved global regulation and disclosure standards for products sold this way. In Australia ...

Macquarie profit up 49%

AAP  |  FRIDAY, 2 MAY 2014
Macquarie Group has lifted its full year profit 49% as the company takes advantage of improved conditions in equity markets. The investment bank made a net profit of $1.265 billion for the 12 months to March 31, up from $851 million a year ago. As a ...

Macquarie Bank names managing director

MARK SMITH  |  FRIDAY, 2 MAY 2014
... joined in 1997 and became group treasurer in June 2011 before he was appointed CFO of the group in December 2011. Elsewhere, Ben Brazil, co-head of corporate and asset finance (CAF), will also join the executive committee from 1 July. Brazil joined in ...

Market wrap AM

AAP  |  FRIDAY, 2 MAY 2014
The Australian market looks set to open higher after a mixed performance on Wall Street ahead of key US jobs figures. At 0645 AEST on Friday, the June share price index futures contract was up 13 points at 5,447. Locally in economic news on Friday ...

ECB to stay in May

BENJAMIN ONG  |  FRIDAY, 2 MAY 2014
Phew! That was close. No Virginia, we didn't hear this sigh of relief from European Central Bank president Mario Draghi yesterday, but we would have had the Fed's policy announcement and America's first quarter GDP growth update not drowned out the ...

netwealth to launch managed account service by Q3

LAURA MILLAN  |  THURSDAY, 1 MAY 2014
netwealth is developing a comprehensive managed account service with plans to launch it in the third quarter of this year. The service will sit as another investment option within netwealth's approved product list (APL) and it will be available through ...

CFS launches range of SMAs

JAMES FERNYHOUGH  |  THURSDAY, 1 MAY 2014
Colonial First State has launched a suite of separately managed accounts (SMAs), now available to Commonwealth Private clients. The 11 different SMAs cover a range of strategies, from conservative to growth options. Some are wholly managed, while others ...

ANZ wealth division profits up 11%

MARK SMITH  |  THURSDAY, 1 MAY 2014
An 11% increase in ANZ's global wealth division's profit has contributed to the banking group's strong overall half-year result. In an announcement on the Australian Securities Exchange (ASX), the group reported a 15% climb in statutory profit to $3.4 ...