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Showing 111 - 120 of 475 results for "Latter"

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... discretionary account (MDA) facility would go for $50,000. Adding an options and derivatives trading capability to the latter would fetch between $80,000 to $120,000. The firm, which also brokers accounting and mortgage broking firms, found that demand ...

Sydney boutique to buy a slice of Investec assets

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
A Sydney private debt manager will acquire a portion of South African Investec's local debt portfolio, as the latter exits Australia. Metrics Credit Partners has reached an agreement to buy Investec's local corporate and acquisition finance ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... Recreo, with $12 billion funds under administration, will merge with corporate and superannuation trustee Certane Group. The latter provides trustee services to 27 Australian superannuation funds. Certane has undergone several iterations. It was originally ...

Perpetual's Garry Laurence starts boutique

KANIKA SOOD  |  MONDAY, 22 MAR 2021
... global equities funds to US-based value manager Barrow Hanley after paying about $465 million to buy a 75% stake in the latter. Laurence received an AFSL for his new boutique last month and is now raising for a "founder class" of units in his global ...

Changes on Lazard Aussie equities fund

KANIKA SOOD  |  THURSDAY, 18 MAR 2021
... Asset Management, which is separate to mergers and acquisitions advisory firm Lazard Australian Financial Advisory. The latter recently announced its plans to reverse from the Australian market which included a team buyout.

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... representatives until 31 December 2022; and provide ASIC with an attestation from a senior executive within AxiCorp. The latter means that a senior executive must confirm that AxiCorp has undertaken all the necessary remedial actions and has adequate ...

Channel Capital hires from AMP Capital

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... billion in total assets. Last year US firm Kudu Investment Management, came on board as a passive investor in Channel, as the latter bought back equity from Highbury. Kudu has since helped finance Channel's US foray.

Equity Trustees wins super trustee mandate

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
... Wealth in October 2018. Xplore Wealth was acquired by HUB24 late last year. Equity Trustees's Aracon appointment follows the latter's parent company, H UB24's decision to swap out Sargon-owned Diversa Trustees (Sargon is now called Certes Corporation) ...

Chant West to buy Rice Warner insurance comparator

KANIKA SOOD  |  FRIDAY, 5 MAR 2021
Chant West has entered an agreement with Rice Warner to buy the latter's Galaxy Insurance Comparators business. The 16-year-old business is an insurance comparison tool for desktop software providers to the financial advice industry, institutional ...

Super fund halves admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAR 2021
... assets and for longer, and they'll also move to more defensive assets in smaller amounts but more often from age 51. On the latter, Mine Super said: "This is an important change as your super won't automatically make sharp and sizeable shifts throughout ...