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| | | 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | 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 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 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 ... |
| | | | Challenger emerged as the biggest winner from the 2011 Rainmaker Sales & Marketing Excellence Awards Dinner last night, picking up three awards, while PIMCO, Legg Mason and AustralianSuper each scooped two. The awards dinner, compared by ABC newsreader ... |
| | | | Telstra Super annual returns scored double digits for the last financial year, with six out of its nine accumulated investment options performing above 10%. This is the second consecutive year with promising results, according to the large corporate ... |
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