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Showing 1261 - 1270 of 3464 results for "Stake"

PwC appoints wealth services MD

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
The former ANZ Private Bank head of private advisory has jumped to PwC to take on the role of managing director: wealth services, private clients. Luke McCann headed private advisory at ANZ Private Bank for six months prior to which he was national ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... Place's board asking it to review its costs. Primestone, which was founded by former Carlyle Group investors, has a 1.2% stake in St James Place. Its letter raises concern over the wealth manager's share price falling 7% since 2015, despite being "fundamentally ...

ASX delays CHESS replacement again

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023. The ASX announced it has increased the scope of the project as a result of COVID-19 following industry consultation. Many stakeholders the ASX consulted ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... The offer price also represents a 35% premium on the average price 360 Capital paid at the time it acquired the nearly 20% stake. In early October, Evans Dixon invited 360 Capital managing director Tony Pitt to join the board saying the stake in the ...

Carlyle buys into Calastone, ups Link bid

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
The Carlyle Group will acquire a majority stake in Calastone, while also announcing it has increased its offer price for Link Group. Carlyle did not disclose the financial terms of its ownership in Calastone but mentioned that it acquired the stake ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
The Financial Services Council (FSC) has launched a report by Rice Warner that makes a series of recommendations that would significantly change the status quo of financial advice and lead to policy debate. Rice Warner's Future of Advice report ...

Morphic co-founder exits

KANIKA SOOD  |  MONDAY, 19 OCT 2020
Chad Slater has resigned from Morphic Asset Management, a year after Ellerston Capital bought a stake in the business. Slater's portfolio management responsibilities will go to Ellerston co-head of global equities Bill Pridham. He has also resigned ...

Acting AMP Australia chief joins FSC board

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
The Financial Services Council (FSC) has announced the acting chief executive of AMP Australia, Blair Vernon will join the FSC board as a director. FSC said Vernon is an experienced financial services executive with significant capability across a range ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
... prudential regulator has issued a letter to superannuation licensees reinforcing their obligations under the controlling stake requirements. APRA said after undertaking a review of the implementation by RSE licensees its focus has been on the interaction ...

Consortium eyes Link Group

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... Group is offering $5.20 per share via a scheme of arrangement. Perpetual, which is the largest shareholder with a 9.65% stake, has sent a letter to the consortium stating it will vote in favour of the acquisition at an offer price no less than $5.20 ...