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Showing 1301 - 1310 of 2994 results for "February 2007"

Mercer creates portfolio management lead role

KARREN VERGARA  |  THURSDAY, 29 NOV 2018
Mercer is growing its Australian senior leadership team with the creation of a new portfolio management head. It also announced the retirement of its chief market strategist. Ronan McCabe will join as head of portfolio management commencing February  ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

Court fines stockbroker $350k

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
The Federal Court has ordered a stockbroking firm to pay a $350,000 penalty for failing to comply with Market Integrity Rules. In early March 2011, State One Stockbroking placed 19 bids on behalf of a client when it should have reasonably suspected ...

ClearView launches new business, reshuffles executive team

KARREN VERGARA  |  MONDAY, 19 NOV 2018
ClearView has made three executive promotions coinciding with the launch of a new business offering back-office and compliance services to financial advisers. LaVista Licensee Solutions, a licensing service, will be led by Mike Pope as its chief executive. ...

Future Fund appoints to board

KANIKA SOOD  |  MONDAY, 12 NOV 2018
Future Fund has appointed a former UBS global asset management chief as it renews the board of the $149 billion sovereign wealth fund, including topping up chair Peter Costello's term. Former UBS global asset management chief executive and chair John ...

Guy Stern retires from ASI

KARREN VERGARA  |  THURSDAY, 8 NOV 2018
Aberdeen Standard Investments' global head of multi-asset and macro investing is retiring after more than 10 years at the firm. Guy Stern joined Standard Life Investments in April 2008 as head of multi-asset management. He was also responsible for ...

Lazard appoints former Bennelong director

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
Lazard Asset Management appointed a former Bennelong director of distribution to lead a southern expansion. The firm responsible for more than $240 billion is expanding its distribution efforts in Australia with a new office in Melbourne. Heading up ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...

Magellan boosts retail push for Airlie

KANIKA SOOD  |  THURSDAY, 25 OCT 2018
Magellan is close to listing an Australian equities strategy from its recent acquisition of Airlie Funds Management as part of a bid to bring more retail money to the former insto-only strategy. Exchange-traded units of the Airlie Australian Share Fund ...

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
About $89 million of superannuation has been released on compassionate grounds just three months into the new financial year, according to the ATO. Of the 10,700 early super release applications received between 1 July 2018 and September 30, more than ...