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| | | Trading technology specialist Instinet is expanding its presence in Australia and is adopting its global products and algorithms to suit the needs of local fund managers and super funds. Established nearly 40 years ago in the US, Instinet provides electronic ... |
| | | | ... middle market as investors with net worth between $250,000 and $1 million. "This data is important because it highlights the focus needed when marketing to these advisers. For example, principal protection is very important to wirehouse advisers. So ... |
| | | | ... division in Sydney. Sue Scott, another Morgan Stanley executive to return down under, was appointed sales trader and will focus on local clients. Meanwhile, Rick Ball, one of the firm's managing directors was appointed head of global capital markets ... |
| | | | Austock has sold its asset management business, which includes the Austock High Yield Fund and Austock Australian Equity Fund, to Martin Ryan, one of the company's founders. In an ASX statement, Austock said that Ryan, one of the founders of Austock ... |
| | | | Financial services companies face higher directors and officers (D&O) insurance costs as the number of securities class actions rise, another unwanted outcome of the credit crisis where more shareholders sue failed companies. At a time when many financial ... |
| | | | ... technology needs, instead of owning and managing all IT systems, companies can gain the ability to free up resources to focus on strategic business initiatives - helping them serve customers better, improve business performance and win market share," ... |
| | | | Ipac Securities is eyeing the Cairns, Canberra, Gold Coast and South Australian markets for their next acquisitions as the dealer group focuses on buying financial planning businesses specialising in retirees. Ipac Securities, which has $2.1 billion ... |
| | | | ... remain steady in 2009. "While this [uplift] does provide some optimism for Sydney's hiring market, given business' current focus on cost-savings and efficiency, it is likely to be a steady rise over several months rather than an overnight surge in hiring ... |
| | | | ... property funds. Its key differentiator is that the average life of a fund is three-and-a-half year as management does not focus on growing FUM nor highly-geared projects. "We're not a hoarder of funds under management. If there's a great profit for investors ... |
| | | | ... decision, rather than a product decision," he said. The main driver for this restructure is to simplify the Select business and focus on manufacturing multi-asset class multi-manager portfolios for its clients. "When you've only got a limited number ... |
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