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Showing 1111 - 1120 of 6679 results for "Sale"

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
... to the Powerwrap acquisition. Inflows were up 149% at $2.6 billion. Meanwhile, the international platform, which is up for sale, recorded 55% growth in FUA to $5 billion andinflows of $1.2 billion. Newly appointed permanent chief executive Anthony Wamsteker ...

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
The corporate regulator will allow a period of transition for the several reforms taking effect in the first week of October. From October 1, new laws around adviser reference checking and information sharing requirements will take effect, as will new ...

ASI appoints Asia Pacific wholesale head

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
Aberdeen Standard Investments has appointed a head of wholesale for Asia Pacific, hiring from UBS Asset Management. David Hanzl will be responsible for delivering ASI's wholesale distribution strategy in Asia Pacific. The role is based in Hong Kong. ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... of about $9 billion. The transaction includes Citi's private wealth management business. "NAB has recently completed the sale of its MLC Wealth Business to IOOF with its retained wealth businesses focused on servicing high net worth and self-directed ...

Challenger chief executive to step down

KARREN VERGARA  |  TUESDAY, 10 AUG 2021
The managing director and chief executive of Challenger will step down in March 2022, while a deputy chief executive has also been named. Richard Howes has been with the company for 18 years, starting as the chief executive of Challenger's life ...

Platform co-founder departs

ANNABELLE DICKSON  |  MONDAY, 9 AUG 2021
WealthO2's co-founder and chief executive has suddenly departed the company as two directors are appointed to the board. Shannon Bernasconi has left WealthO2 after six years at the helm. She previously left her role as managing director of Calastone ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... business to TAL Dai-ichi Life Australia for about $900 million. Westpac is due to make a $1.3 billion post-tax loss from the sale. The cash consideration of $900 million includes ongoing payments to Westpac, calculated at 0.96 x the life unit's FY20 ...

Apex expands APAC team

ANNABELLE DICKSON  |  FRIDAY, 6 AUG 2021
Apex Group is continuing its growth plans across the Asia Pacific region with the appointment of a head of private market sales - Australia and head of real estate, Asia Pacific. Andrea Gallenca has joined as head of private markets for Australia from ...

Former QIC managing director joins Northleaf

JAMIE WILLIAMSON  |  THURSDAY, 5 AUG 2021
The former managing director of business development at QIC is taking on a new role with private markets investment firm Northleaf Capital Partners. Chris O'Connor has joined Northleaf as managing director, business development for Australia and New ...

Investment Trends adds to team

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
The research house has hired an associate director, focused on the direct wealth space. Kurt Mayell joined Investment Trends on August 2. Mayell will lead a team of analysts focused on providing actionable market insights, competitive intelligence ...