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Showing 1251 - 1260 of 6679 results for "Sale"

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Equipsuper has merged with a corporate superannuation plan that will add $860 million of assets to the fold. The $16 billion superannuation fund will manage the retirement savings of Toyota Super's 5000 members. Toyota Super chair Rob Purcell said ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s business of acting as trustee to its collective investment trusts and all related WFAM legal ...

J.P. Morgan custody exec retires

KANIKA SOOD  |  MONDAY, 22 FEB 2021
A long-standing J.P. Morgan executive in its securities service business has retired after nearly 20 years with the company. Bryan Gray spent close to 20 years at J.P. Morgan, which is the largest custodian in Australia. Prior to this, he spent about ...

Morphic co-founder joins hedge fund

KANIKA SOOD  |  MONDAY, 22 FEB 2021
... Hall. In June 2019, Ellerston bought an undisclosed controlling stake in Morphic. Slater left Ellerston a year after the sale. Point72 is one of the world's best recognised hedge funds founded by Steve Cohen. In 2019, it started Australian operations ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... acquisition. The Finance Sector Union said that ME Bank staff have been anxious about their futures amid reports of an impending sale recently. "ME Bank employees have worked hard over many years to build this bank to the point where it has become an ...

360 Capital fund buys stake in NZ manager

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... TOT) acquired half of PMG Funds, which is based in New Zealand and has NZ$665 million in total funds under management. The sale price of NZ$17.5 million includes NZ$13.3 million in cash and NZ$4.2 million potential earn-out over two years based on key ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
Woodside Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... added that business portfolio simplification is underway and the exit of several units are progressing. This included the sale of Westpac General Insurance, Westpac Pacific and NZ Wealth advisory; returning 300 out of 1000 offshore jobs to Australia ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ...

Perpetual bolsters distribution team

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
Perpetual has made three key hires to its distribution team as part of a global strategy across its asset management divisions. Ben Daly has been appointed director of institutional business for Perpetual Asset Management in Australia. He joins from ...