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Showing 1111 - 1120 of 1647 results for "Division 305"

GFC hangover hits Perpetual profit

ALISON BEVEGE  |  WEDNESDAY, 23 FEB 2011
A goodwill write-down from a pre-GFC purchase helped drag down wealth manager Perpetual's first-half profits by 29 per cent year-on-year to $35 million for the six months to December. The $10.6 million goodwill write-down comes from their 2008 purchase ...

Market Wrap - Morning

AAP  |  TUESDAY, 22 FEB 2011
The Australian market has received mixed to negative leads from offshore trading overnight, with nervousness stemming from unrest in the Middle East and concerns over possible economic tightening in China contrasting with positive economic news in Europe. ...

BNP enjoys wealth lift

MATT WOODINGTON  |  FRIDAY, 18 FEB 2011
BNP Paribas' Wealth and Asset Management division reported an 8.4 per cent increase in revenues for the December quarter. The division, which sits within BNP Paribas Investment Solutions, posted revenues of a,-905 million ($1.2 billion), up from a,-834 ...

Bendigo wealth mgmt posts $23m profit

MATT WOODINGTON  |  MONDAY, 14 FEB 2011
Bendigo & Adelaide's wealth management division accounted for 14 per cent of the bank's total profit after tax of $173.9 million in the half year to December, according to results released this morning. During the half year, the group's wealth arm contributed ...

Westscheme merges with AustralianSuper

MICHELLE BALTAZAR  |  TUESDAY, 8 FEB 2011
The merger of AustralianSuper and Westscheme announced today would create a $40 billion super fund with 1.7 million members, further cementing AustralianSuper's ranking as Australia's biggest super fund. In a joint press conference at 1pm today, long-time ...

Macq gives update on US arm

MATT WOODINGTON  |  TUESDAY, 8 FEB 2011
Homegrown fund manager, Macquarie Funds Group, now among the largest Australian-based asset managers after it bought US-based fund manager Delaware in January last year, gives an optimistic update on its overall wealth management business. According ...

NAB boosts private equity admin

MATT WOODINGTON  |  FRIDAY, 4 FEB 2011
National Australia Bank's Asset Servicing division has signed an agreement with BNY Mellon to introduce private equity administration and middle office services for superannuation and fund managers. Leigh Watson, executive general manager in Asset Servicing ...

AXA's North man joins NAB

MICHELLE BALTAZAR  |  TUESDAY, 1 FEB 2011
Andrew Barnett, the man who led the team behind AXA Asia Pacific's successful North platform and product range, has joined NAB this week to head up the bank's new retirement solutions team. Barnett, formerly head of structured solutions at AXA, has ...

Investors direct $42bn to iShares

RESULTS ANNOUNCEMENT  |  THURSDAY, 27 JAN 2011
A year on since the merger of Blackrock and Barclays Global Investors, the US-based company reported strong growth in its exchange traded funds business, with iShares enjoying more than $42 billion of net inflows for the year. According to BlackRock's ...

Market wrap - Midday

AAP  |  THURSDAY, 27 JAN 2011
The Australian share market was flat at noon after a quiet morning's trade, with mining stocks rising but weakness elsewhere. At 1200 AEDT the benchmark S&P/ASX200 index was down 1.1 points, or 0.02 per cent, at 4,806.7 points, while the broader All ...