Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1321 - 1330 of 4870 results for "DIVI"

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
A former CommInsure and MLC executive has returned to Australia to lead local client solutions for a global reinsurer. Martyn Gilling has been appointed head of client solutions at Pacific Life Re Australia, in a role that will see him assume responsibility ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
A Perth-based financial advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons. WA Wealth Managers (and WAWM Holdings Pty Ltd, as the main related firm) was ...

Property manager hires super fund head

ALLY SELBY  |  TUESDAY, 4 FEB 2020
Property investment manager Charter Hall has appointed a superannuation fund executive to lead the group's direct business. TelstraSuper head of real assets Miriam Patterson has scored the newly created role of fund manager at Charter Hall Direct, in ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
A new fee introduced by Australia's largest superannuation fund has divided the industry, with many questioning its legitimacy. Earlier this month AustralianSuper notified members it would be introducing a new fee called 'Administration fee ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...

Overhaul bites Deutsche Bank bottom line

ALLY SELBY  |  FRIDAY, 31 JAN 2020
Multinational investment powerhouse Deutsche Bank is looking worse for wear, posting a full-year net loss of $8.71 billion (€5.3 billion). The multi-billion dollar loss has been driven by the bank's strategic transformation project, which saw ...

Link Group expands with Europe acquisition

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
Link has entered into a binding agreement to acquire a European loan servicing, advisory and asset management business. Link Group is set to acquire 100% of Pepper European Servicing (PES) for an upfront payment of around $266 million, and a further ...

Wealth manager promotes from within

ALLY SELBY  |  THURSDAY, 30 JAN 2020
The Adelaide-based arm of an accounting and advisory firm has promoted a long-term staff member to managing principal. Ben Brazier will take over the reins as managing principal at Pitcher Partners Adelaide for 2020, after 23 years with the firm, 17 ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...

More staff embroiled in Macquarie investigation

HARRISON WORLEY  |  FRIDAY, 24 JAN 2020
German authorities have expanded their investigation into a 2011 lending transaction, doubling the number of Macquarie staff considered suspects since late 2018. In an update to the ASX on Thursday evening, Macquarie said it was cooperating with an ...