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Showing 1311 - 1320 of 6679 results for "Sale"

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance Group Holdings, the parent ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
However it's measured, economic growth has rebounded in the Land of the Rising Sun from the depths of the huge contraction recorded in the June 2020 quarter. Japanese GDP surged at an annualised rate of 22.9% in the September quarter (from a 29.2% ...

BNY Mellon names country head

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
BNY Mellon Investment Management has appointed a new lead for its Australian business. Former chief executive of boutique asset manager Glennon Capital, Paul Bolinowsky, is the new country head for Australia. Bolinowsky will be responsible for the strategic ...

Iress scores dealer group mandate

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
A privately owned dealer group home to more than 70 financial advisers has partnered with Iress to provide a streamlined compliance solution. FYG has adopted Iress' data analytics solution, Lumen. The Lumen software scans for risks such as non-compliance ...

MLC names head of retail distribution

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
MLC Asset Management has appointed a head of retail distribution, joining from Robeco. Tom Keenan has been appointed head of retail distribution, which is a newly created role at MLC. He was most recently chief executive and regional head of wholesale ...

Bennelong adds to board

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
A former long-serving superannuation fund chief and industry veteran has joined the board of Bennelong Funds Management. Michael Dwyer joined the board of the fund manager and its parent company Bennelong Funds Management Group as non-executive director ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
Westpac has announced the sale of Westpac Fiji and the majority stake of its operations in Papua New Guinea to Kina Securities. Kina Securities will pay $420 million for Westpac Fiji and 89.91% of Westpac PNG Limited which combined have net assets of ...

J.P. Morgan names new APAC equity strategy head

ELIZABETH MCARTHUR  |  MONDAY, 7 DEC 2020
J.P. Morgan has confirmed the appointment of a new chief Asia Pacific equity strategist. Jason Steed will step into the role, based in Sydney. Steed has been with J.P. Morgan for more than a decade. Prior to this latest promotion, he led the Australian ...

IOOF abandons AET sale

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
... of interest for AET. "IOOF has considered the expression of interest and confirms that discussions regarding the potential sale of AET ceased," IFL said. "Our priority in the coming months is to focus on our strategic initiatives, completion of MLC ...

AMP Capital APAC managing director exits

JAMIE WILLIAMSON  |  FRIDAY, 4 DEC 2020
AMP Capital's managing director for the Asia Pacific region has departed as the investment giant realigns its focus. A spokesperson for AMP Capital has confirmed the exit of Craig Keary, saying the role of Asia Pacific managing director is no longer ...