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Showing 1121 - 1130 of 19060 results for "BAS"

Platinum rolls out major leadership reshuffle

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
Platinum Asset Management has unleashed a major reshuffle of its leadership team as it continues to focus on turnaround plans. In February 2024, Platinum announced a comprehensive turnaround program under the leadership of chief executive Jeff Peters. ...

Deflation continues, albeit slowly

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
The monthly Consumer Price Index (CPI) indicator rose 2.5% in the 12 months to January 2025, according to the latest data from the Australian Bureau of Statistics (ABS). "Annual CPI inflation at 2.5% in January was the same as it was in December 2024," ...

Macquarie shutters 30-year-old fund

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
Macquarie Group has terminated the Macquarie Master Capital Stable Fund, claiming the fund does not have "sufficient scale" to remain viable. The bank has commenced the wind-up of the fund's assets and unitholders' share of the net proceeds of the termination ...

ASIC bans Brisbane-based financial services director

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
ASIC has banned JB Markets director Peter Aardoom from providing financial services, controlling an entity that carries on a financial services business and performing any function involved in the carrying on of a financial services business for eight ...

Praemium hunts for new chief financial officer

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
Praemium has announced David Coulter will be stepping down from the role of chief financial officer, effective March 7. Despite resigning from the position, Coulter will continue to provide investor relationship services to Praemium on a consulting ...

AI is not a bubble: ECP Asset Management

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
ECP Asset Management principal, investments Justin Warton told Financial Standard that the artificial intelligence (AI) boom is still getting started, despite heightened valuations. "The market has seen this movement towards generative AI, and I think ...

PIMCO local managing director to step down

KARREN VERGARA  |  MONDAY, 24 FEB 2025
PIMCO's local head Rob Mead is set to retire after more than 20 years with the fund manager. Mead, who is also the co-head of Asia Pacific portfolio management, has been with PIMCO since 2003. Five years ago, Mead became the head PIMCO's Australian ...

Treasury drafts superannuation retirement income principles

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
A confidential Treasury draft proposal obtained by Financial Standard outlines voluntary principles for the design and delivery of superannuation retirement income solutions, extending beyond the obligations of the Retirement Income Covenant. The principles ...

Super fund investment in US to skyrocket

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
Australian super funds are expected to pump huge amounts of money into the US over the coming decade, according to a report from Mandala, in conjunction with Super Members Council and IFM Investors. The Going Global report said Australians' superannuation ...

Iress posts strong profit rebound, completes transformation program

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
Iress has reported a statutory net profit after tax (NPAT) of $88.7 million for the 2024 financial year, a $226.2 million turnaround from the previous year's loss, while also announcing the completion of its transformation program. The financial software ...