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Showing 1211 - 1220 of 3753 results for "Acquisition"

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... assets. Combined, ME Bank and BOQ will have total assets of $88 billion and total deposits of $56 billion. BOQ said the acquisition creates a compelling alternative to Australia's big four banks. "Today's announcement is another major step in ...

Iress names chair, profit slides

ANNABELLE DICKSON  |  THURSDAY, 18 FEB 2021
... 5% to $155.6 million. Iress chief executive Andrew Walsh said the integration of OneVue is underway following the acquisition in November. "We are combining the largest provider of adviser and trading software in Australia with the largest unlisted fund ...

Iress hires head of corporate development

KANIKA SOOD  |  TUESDAY, 16 FEB 2021
... infrastructure in Australia, starting with an unlisted end-to-end capability that Iress wants to build after its 2020 acquisition of OneVue. "I'm delighted to announce the appointment of Warwick to this critical role," Iress chief executive Andrew Walsh ...

Class makes acquisition, profit up

ANNABELLE DICKSON  |  TUESDAY, 16 FEB 2021
The SMSF technology platform has announced the acquisition of the documentation service of an accounting software provider and recorded a 3.2% increase in statutory profit to $3.2 million in its half-year results. Class is acquiring ReckonDocs for an ...

MMC acquires super fund administrator

KARREN VERGARA  |  MONDAY, 15 FEB 2021
A boutique superannuation administrator has been acquired by Kiwi firm MMC in a move to expand its presence in Australia. MMC is now the owner of Brisbane-based IFAA Group after it first bought a stake in March 2020 of nearly 50%. The total consideration ...

Deutsche Bank appoints local head

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... in our origination and advisory offering in Australia." Last year, the team advised on Resolution Life's $3 billion acquisition of AMP's wealth protection and mature businesses, and Vodafone's $15 billion merger with TPG among other transactions. "Australia ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership ...

Ares backs out of AMP bid

ELIZA BAVIN  |  THURSDAY, 11 FEB 2021
Ares Management has backed out of its acquisition proposal with AMP saying its strategy for its Australia and New Zealand wealth management businesses is likely to be the optimal way forward. The announcement comes as AMP disclosed its full year results ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... platform has recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration (FUA) to $34.3 billion ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... our strategy of diversifying into institutional and overseas markets," Howes said. Looking ahead, Challenger's acquisition of Catholic Super's banking business, MyLife My Finance, is set to provide the group with a wider reach. "It allows us ...