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Showing 1151 - 1160 of 2918 results for "Merge"

Long-time IOOF director steps down

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
A member of IOOF's board has stepped down after a decade and a half as a director of the wealth manager. IOOF has announced the retirement of former PWC partner Jane Harvey, who steps down from the board after 15 years. However her retirement is set ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
Franklin Resources, trading as Franklin Templeton, has entered into a $6.7 billion agreement to acquire Legg Mason, creating a $2.24 trillion investment powerhouse. Under the agreement, which was unanimously approved by both boards, Franklin Templeton ...

Australian ETF industry competition heats up

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
Australia's ETF industry has become more competitive over the years but is still moderately concentrated to a few players, according to new analysis from Rainmaker. Rainmaker head of investment research John Dyall calculated the Herfindahl-Hirchman ...

JP Morgan appoints two Aussie leads

ALLY SELBY  |  TUESDAY, 18 FEB 2020
JP Morgan has appointed not one, but two co-heads to lead the firm's investment banking business down under. Jabe Jerram and Simon Ranson have been appointed as co-heads of JP Morgan's investment banking coverage. A JP Morgan spokesperson said the appointments ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... businesses. At NAB's FY19 results, then acting chief executive Philip Chronican said that the bank had originally hoped to de-merge during 2019. "Obviously as we fully grasped the size of the remediation work that was inappropriate because the business ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... Planners Association is anticipating a class action to be filed on behalf of its members later this month, as it gears up to merge with the Hillross Advisers Association. Speaking to Financial Standard, AMPFPA chief executive Neil Macdonald said the ...

VicSuper PM jumps for industry fund

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... investment at First State Super to share information on how the two funds can work effectively together in the RI space when we merge." VicSuper thanked Farrant for her work at the super fund. "Due to Kim's work in her role as responsible investment ...

Non-bank lender acquires Melbourne firm

KANIKA SOOD  |  MONDAY, 10 FEB 2020
... continues to grow," Keenan said. Gravitas Group founder and managing director Felicity Fowler said the firm was pleased to merge its distribution capability with Pallas Capital's investment platform. "We see strong alignment in the depth and breadth ...

Perpetual head jumps for greener pastures

ALLY SELBY  |  MONDAY, 10 FEB 2020
A Perpetual general manager has packed his bags, departing the financial services firm for a simpler life in Hobart, Tasmania. Perpetual general manager of corporate finance and investor relations, Andrew Ehlich, resigned last month after a 13-year ...

Most complained about super funds revealed

JAMIE WILLIAMSON  |  FRIDAY, 7 FEB 2020
Analysis of AFCA complaints data regarding the most complained about superannuation funds in the body's first eight months of operation shows an almost even split between industry and retail funds. AFCA started operating on 1 November 2018 and data ...