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Showing 1161 - 1170 of 2943 results for "L1 Group"

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments. The bank today confirmed the amount could still rise, with the $260 million provision not yet inclusive of any allowance for refunds to customers ...

Challenger super fund names advisory board

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2019
A new superannuation fund has created an advisory board to guide its development, including a former AMP director of savings and retirement, and a director of Impact Investment Partners. TOMORROW Super, led by former BT Financial Group executive Wes ...

IFM Investors acquires super fund-owned port

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2019
IFM Investors is partnering with one of the world's largest port operators to acquire 100% of Poland's largest container terminal from a consortium comprising Australian superannuation funds. The IFM Global Infrastructure Fund, in partnership with PSA ...

Emerging markets for the win: ABDO

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
The Sydney leg of Financial Standard 's Adviser Big Day Out roadshow has heard how one of the best performing multi-asset strategies is favouring emerging markets over developed ones as it picks its investments. Addressing the crowd in Sydney this ...

Boutique manager makes executive changes

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
A $330 million fund manager appointed a new chief operating officer, while its chief financial officer has resigned. David Addis is the new chief operating officer of property fund manager GARDA Capital Group effective March 18. Addis was previously ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
Westpac is realigning its wealth strategy and BT Financial Group will cease as a standalone division. The group has also agreed to sell a number of advisers to Viridian Advisory. BT Financial Group will cease to be a standalone division of Westpac Group. ...

TAL goes back-to-back at AFA awards

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
TAL went back-to-back, winning the Association of Financial Advisers' Life Company of the Year award for a second year running in Sydney recently. The life insurer took home the top gong as Platinum Winner of the AFA Life Company of the Year Award ...

Countdown to 2019 FICAP Rockstar

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2019
The Financial Industry Community Aid Program's 'Who Wants to be a Rockstar?' is returning for 2019, promising to be bigger than ever. The FICAP 'Who Wants to be a Rockstar?' event is an annual fundraiser and singing competition in ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
Brookfield Asset Management is set to acquire 62% of Oaktree Capital, creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction ...

Younger HNWs splashing on art

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
A new tribe of art collectors is emerging across the globe as younger high-net-worth individuals loosen their purse strings to buy more readily than the old guard, says a new UBS report. Millennials accounted for almost half of the total high end spending ...