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Showing 101 - 110 of 695 results for "Custodian"

BNP Paribas reappointed as custodian for wealth platform

ANDREW MCKEAN  |  FRIDAY, 15 SEP 2023
BNP Paribas' Securities Services will remain custodian for HUB24, the platform rapidly gaining market share. As part of the renewed mandate, BNP Paribas will extend its local and global custody services to HUB4, continuing a partnership that began ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees. Released this morning, the 2023 performance test marks the first time trustee-directed ...

Evolution Trustees responds to likely wholesale definition change

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
... ensuring sufficient regulatory capital is on hand, creating and implementing compliance plans, and ensuring an eligible custodian is appointed. According to the consultation paper, about $900 billion is held in unregistered wholesale schemes. "It is ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The chief executive of online trading platform Selfwealth has left the ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the ...

Australian Unity, Cromwell to merge funds

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... and distribution stability. Fernandes added that Cromwell's reputation as a "leading real estate funds manager and a custodian of investors' capital" places the combined fund in good stead for future success. "We look forward to working with Cromwell ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... management fees on a like-for-like basis have declined. One asset manager participant said audit, tax preparation, and custodian fees seem to be rising in line with inflation. Another said the only area where costs have reduced is in equity brokerage ...

NAB progresses closure of custody arm

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... track with the wind down of its asset servicing business, including helping its existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving its Australian custody client ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... mirror the performance of bitcoin's price before the payment of expenses and liabilities. Coinbase will act as the custodian for the iShares Bitcoin Trust's assets, safeguarding a portion of the private keys linked to the trust's bitcoin ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... role of custodians in this process. Once ETF units are created, the underlying assets are transferred to a third-party custodian. In the case of Betashares, the custodians are Citi and BNP Paribas. The custodian, a separate entity from the ETF issuer ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...