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Showing 91 - 100 of 846 results for "Buyer"

AMP selects new chief technology officer

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... depth of talent," George said. Last week, AMP reached a settlement with AMP Financial Planning advisers in the long-running Buyer of Last Resort (BOLR) class action. The wealth manager will pay $100 million - an amount double what it initially provisioned. ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
AMP will pay $100 million to settle the long-running Buyer of Last Resort (BOLR) class action - an amount double what it initially provisioned. The wealth manager announced this morning it has reached a settlement with AMP Financial Planning advisers ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... the $175 to 190 million of annualised benefits announced in July 2023. The group first confirmed it was on the hunt for a buyer for the licensee back in July when it said it was in discussions with several organisations. Insignia chief executive Renato ...

XTBs to be delisted following collapse

CASSANDRA BALDINI  |  TUESDAY, 7 NOV 2023
... have been suspended in recent weeks. The two entities supporting the XTBs entered liquidation after failing to secure a buyer in September. WLP Restructuring partners Alan Walker and Glenn Livingstone were appointed administrators shortly after. Equity ...

ISPT hires development lead, offloads asset

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
Industry Super Property Trust (ISPT) has appointed to the newly created position of head of development - commercial, industrial, retail and mixed use. At the same time, it's sold a retail asset for $145 million. Tom Waters has joined in the new role ...

Australian farmland values in decline: Report

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
Australian farmland values have reached an inflection point in 2023 following a sustained period of strong growth, according to Rural Bank's latest report. In collaboration with Digital Agricultural Services (DAS), Rural Bank's Australian Farmland Values ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... one brand to be owned by the advisers via a new equity model, while Godrey Pembroke was to be completely divested and a buyer sought for Millennium3. In August, further consolidation was flagged when it was announced its client engagement teams would ...

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... completed the sale of its UK and Irish fund solutions business to Waystone Group (Waystone), a year after first seeking a buyer. Having sought a buyer since October 2022, the sale of the troubled Fund Solutions arm to Waystone was first announced in ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...