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Showing 1061 - 1070 of 1630 results for "Division 296"

ANZ shows increased profit and deposit growth

ALISON BEVEGE  |  FRIDAY, 19 AUG 2011
ANZ said its institutional division has strengthened, profits have grown and its deposit growth has exceeded its loan growth in a nine-monthly market update released today. Mike Smith, ANZ chief executive officer said the bank's global markets business ...

New institutional risk product set to launch

ALISON BEVEGE  |  WEDNESDAY, 17 AUG 2011
Large industry and public sector superannuation funds are expected to be the main beneficiaries of a new advisory service by Russell Investment Consulting to help institutional investors manage risk. Greg Liddell, managing director of consulting and ...

Wealth performs steadily as CBA profits soar

MATT WOODINGTON  |  WEDNESDAY, 10 AUG 2011
Commonwealth Bank of Australia's wealth management division reported after tax net profit of $642 million for the financial year ended June 30 2011, while the wider group netted a 12% cash profit boost. Wealth Management had net operating income of ...

Bendigo Wealth plays part in group profits

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
The recently formed Bendigo Wealth made a 14% contribution to Bendigo and Adelaide's $342 million full year profit for 2010/2011. The wealth management division was officially launched in April, offering margin lending, cash, investment, managed fund ...

Ready to turn on the tap

BENJAMIN ONG  |  THURSDAY, 4 AUG 2011
... Journal, Donald Kohn, Vincent Reinhart and Brian Madigan - the last three directors of the Fed's powerful monetary affairs division - put the risk of a new economic contraction at between 20% and 40%. Madigan and Kohn said the Fed should consider a third ...

Star hire strengthens IOOF adviser drive

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
Diversified financial group IOOF has appointed MLC star platform manager Chris Weldon to head its platform products division as it moves to expand its presence in the financial advisory market. Weldon started work yesterday as the new head of platform ...

BT regroups for market push

ELISE BURGESS  |  WEDNESDAY, 3 AUG 2011
The reorganised BT Financial Group will go head to head with the newly merged AMP/AXA and focus on its insurance and super products, developing a new platform and adding planners to its advice business. Brad Cooper, chief executive, BT Financial Group ...

CBA insurance premiums rise

MATT WOODINGTON  |  FRIDAY, 29 JUL 2011
Commonwealth Bank of Australia reported a 3% rise in its wealth management division for the June 2011 quarter, while the appreciating Australian dollar caused a slight drop in its funds under administration and management. CBA's insurance inforce premiums ...

Macquarie backs annuity income as contributions drop

MATT WOODINGTON  |  THURSDAY, 28 JUL 2011
Macquarie said that annuity style income provided by its banking and financial services, funds management and corporate and asset finance divisions will drive growth in the medium term after reporting a drop in group contributions for Q1 2012. Macquarie ...

AMP embeds AXA management into new structure

MATT WOODINGTON  |  FRIDAY, 22 JUL 2011
AMP again vowed to put quality financial advice at its heart after establishing a new eight division business structure for AMP Financial Services (AFS). AMP has put a new management team in place, effective August 1, ahead of its results announcement ...