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Showing 91 - 100 of 5419 results for "March 20"

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
The local subsidiary of TPP Global Investments has been ordered by the Federal Court to produce documents it has so far withheld from ASIC. Provide Nominees (Provide), which trades as Provide Capital, came under the watchdog's surveillance in March  ...

ASFA names acting chief, chair

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
The Association of Superannuation Funds of Australia (ASFA) has appointed an interim chief executive and announced that its current chair has been reappointed. Leeanne Turner is now the acting chief of the association, assuming Martin Fahy's role ...

HMC Capital reaches first close on fund

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
The asset manager has successfully closed its Health Care and Life Sciences Unlisted real estate fund (UHF) after receiving more than $1 billion, including from major global pension funds. The group said it secured $640 million of equity commitments ...

GPT appoints Charter Hall executive as new chief

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
GPT Group (GPT) has appointed former Charter Hall chief financial officer Russell Proutt as its chief executive and managing director. Proutt is set to take over from Bob Johnston and will officially assume the top position by 25 March 2024. In the ...

Singaporean wealth manager mandates Aussie boutique

CHLOE WALKER  |  FRIDAY, 22 SEP 2023
Melbourne-based Spatium Capital has received an undisclosed investment from Singaporean wealth manager Conduit Group (Conduit) in its Small Companies Fund (SSCF). Conduit, an integrated financial services company that offers securities dealing, wealth ...

Trading platform pays $830k over suspicious trades

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2023
Interactive Brokers is paying a fine of more than $830,000 after it failed to identify suspicious trades conducted by a client. Between March and November 2021, certain Closing Single Price Auction (CSPA) orders in Orthocell (OCC) were allowed by Interactive ...

BNP Paribas reappointed as custodian for wealth platform

ANDREW MCKEAN  |  FRIDAY, 15 SEP 2023
BNP Paribas' Securities Services will remain custodian for HUB24, the platform rapidly gaining market share. As part of the renewed mandate, BNP Paribas will extend its local and global custody services to HUB4, continuing a partnership that began ...

Koda Capital restructures Investment Strategy Group team

JAMIE WILLIAMSON  |  TUESDAY, 12 SEP 2023
In a raft of changes citing "evolving business needs", Koda Capital will soon welcome a new chief investment officer and a head of investment research - private markets and opportunistic portfolios. Brigette Leckie is stepping out of the chief investment ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
In a move that will see members' costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will ...