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New global chiefs for abrdn, Schroders

KARREN VERGARA  |  WEDNESDAY, 11 SEP 2024
... with the potential to generate a step-change in performance for our clients and customers, and for our shareholders. My job now is to work with the talented team at abrdn to realise this opportunity and to build a more efficient, growing business with ...

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
... he co-founded Grange Securities and led it as managing director and chief executive. Non-executive director Tony Fehon is now the interim managing director while the board said it will commence a search for a new chief once "the group is further advanced ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
Seventeen of Australia's superannuation and pension funds now rank in the top 300 worldwide by assets, including one new entrant. However, it's not all good news for the government funds that made the cut. That's according to the latest ...

TradingHub makes Australian debut

MATTHEW WAI  |  TUESDAY, 10 SEP 2024
... opening of a Sydney office. It comes at a time where market manipulation is becoming increasingly sophisticated, which is now under heightened scrutiny via ASIC's establishment of a new criminal investigation team. According to the platform, its surveillance ...

Westpac names new chief executive

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... experienced banker, with customers at the heart." "As a result of the hard work completed over the past five years, Westpac is now a simpler, stronger bank, with an improved risk culture. The company is well-placed for its next phase under Anthony." ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... making AMP accountable for its actions. Justice McElwaine approved the settlement amount AMP Financial Planning (AMPFP) must now pay financial advisers who saw the value of their practices deteriorate on the back of parent company AMP controversially ...

Story Wealth co-founder joins Kearney

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... Management Anne Graham has exited the business she co-founded to join Kearney Group, bringing along her book of clients. Graham is now a partner - integrated advice of Kearney's private wealth unit. Graham co-founded Story Wealth in 2016, together with ...

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... staff transition to the custody giant. Challenger's custody needs have been taken care of by Citi since 2012 but will now transition to State Street, occurring in three phases and with a view to completion in early 2027. Administration services ...

Traditional economic indicators have 'tanked': Economist

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... world. "Some of the indicators that we used to think of as lagging or not important indicators are actually much more important now. The leading indicators have tanked," Mousina said. "If you look at countries like the US, their leading index is in line ...

Future Fund annual return 'very strong'

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... risks of which we have been warning for several years continue to play out," he said. "As we have explained, our portfolio is now more robust to these events with relatively low exposure to fully priced equities, low exposure to interest rates and a ...