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Showing 91 - 100 of 356 results for "Wealth Management business"

Ignition Advice chief exits

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
Ignition Advice chief executive Manish Prasad announced he has left his position after a little over two years in the role. On a LinkedIn post, Prasad said the decision to step down has come after a year characterised by change. "It has been a tough ...

New AMP Australia chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... departure, today. Vernon will return to his previous role as chief executive of AMP's New Zealand wealth management business. Hartley was chief executive of Sunsuper from 2014 to 2019. Prior to that, he led the corporate and institutional wealth ...

Macquarie acquires US wealth manager

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... asset management business, Ivy Investments, with US$68 billion in assets under management (AUM) and a wealth management business, Waddell & Reed Financial Advisors, with US$63 billion in assets under administration. On completion, the investment bank ...

Emotions lead to losses: Oxford Risk

ANNABELLE DICKSON  |  TUESDAY, 10 NOV 2020
Making emotional decisions by increasing allocations to cash throughout market volatility can lead to long term losses, but diagnostic tools for financial advisers may solve the problem, according to a behavioural finance expert. Oxford Risk said investors ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... downgrade reflects the weaker operating results of the group and its ongoing challenges within its wealth management business with respect to net cash outflows. It also reflects the group's governance weaknesses, Moody's said, which have resulted in ...

UBS makes private wealth strategy shift

ALLY SELBY  |  MONDAY, 14 SEP 2020
UBS has announced a shift within its $3.6 trillion (US$2.6 trillion) global wealth management business, set to see the wealth manager advise private clients to invest in sustainable assets over more traditional solutions. UBS claims it is the first ...

Citi hires new banking, wealth lead

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... role, and will now lead the sales and distribution division within Citi Australia's retail banking and wealth management business, including the bank's high net worth unit, mortgage distribution and specialist teams. Citi Australia head of retail banking ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the bank's subsidiary MLC Wealth is still on the cards, NAB noted it was also exploring alternative ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... 80% complete, and aims to be fully complete in 2021. AMP chief executive Franceso De Ferrari said the wealth management business saw operating earnings of $59 million, down from $103 million, in what was a "challenging period." "The business remained ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...