Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 364 results for "divestment"

Charter Hall offloads UNSW asset

CHLOE WALKER  |  MONDAY, 31 JUL 2023
... PFA's strategy of acquiring assets with a long leases to strong tenant covenants." Today, however Bennett said "this divestment is in line with the group's portfolio curation strategy, and demonstrates its commitment to transacting with financial discipline ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
... process, including holdings in Woodside and Santos and others in the oil and gas exploration and production industry. The divestment from oil and gas companies was based on calculations relating to stranded assets, rather than Scope 1 and 2 emissions ...

AMP adds three group executive roles

CASSANDRA BALDINI  |  THURSDAY, 20 JUL 2023
AMP is expanding its executive leadership as it moves to a flatter organisational structure following its recent divestments. The wealth manager said it will elevate the leadership of its platforms and advice businesses in two new roles on its executive ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... Pacific. Jason Yetton was appointed to lead the review of each business and, in the three years since, executed the divestment of most; just last month it was decided Westpac would retain platforms. With that project now complete and no further need ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
Australia's private equity market solidified its position as the fastest-growing sector to boost private capital markets in 2022, following a raising of about $9 billion. When hunting returns off the back of its success, Rest head of private equity ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... John Dyall said. "Because of large monthly flows from specific products, it appeared there was a large and significant divestment plan." Dyall added that it was perhaps former institutional partners (maybe commonly owned life companies, stat funds, retail ...

Challenger settles real estate unit divestment

KARREN VERGARA  |  MONDAY, 10 JUL 2023
... industrial and office sectors. Elanor now has $6.4 billion in assets under management post-transaction. Upon announcing its divestment, Challenger managing director and chief executive Nick Hamilton said at the time that combining its real estate platform ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... Development Goals and other parameters, super fund ESG portfolios have in recent years clearly evolved from simplistic divestment strategies to a mix of divestment, engagement and positive portfolio construction. And this should be overlaid with how ...

Iress outlines product-led growth strategy

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... returns. As previously reported, Iress' strategy also includes a headcount reduction of 10% by June 2023 and a divestment of non-strategic assets, beginning with the company's MFA and Platforms businesses. Iress will instead prioritise investments ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... regulators to prevent human rights abuses," Equity Generation Lawyers said. "If leverage fails, funds are to consider divestment. All such actions are understood to be permitted and arguably required by Australian law particularly in circumstances where ...