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Showing 1211 - 1220 of 5249 results for "SCA"

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Platinum Asset Management chief executive Andrew Clifford has announced he will vacate the top job but remain as co-chief investment officer. The board confirmed it will shortly commence the hunt for Platinum's next chief and said Clifford will ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
ClearView's decision to target the life insurance market solely is paying off as it grows its in-force premiums during the 2023 financial year and new business pours in. ClearView's new business sales was driven solely by its ClearChoice products suite ...

Bravura hires global head of product

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
Bravura Solutions has named Greg Johnson as its new head, amid intentions to shift towards a product-centric business structure. In the role, Johnson will lead Bravura's global product team and work on simplifying and unifying its suite of products ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
AMP is facing legal action from global reinsurer Munich Re over potentially deceptive practices in past reinsurance arrangements. In a disclosure nestled within AMP's recent half-year results, it was revealed that AMP Limited and its subsidiaries, including ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
HUB24 has reported underlying net profits under tax of $58.8 million, up 64% from the year prior, and a 15% increase in the number of advisers on its books. Reporting to the ASX today, the platform has also had an underlying group EBITDA of $102.4 million ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
A former financial adviser who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
The listed real estate manager has secured a second commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund will now invest a total of $1.4 billion in the Qualitas Diversified Credit Investments ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...