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Showing 1341 - 1350 of 3464 results for "Stake"

Perpetual opens retail raise

ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
... $30,000 of new shares without brokerage fees and transaction charges. Upon completion the deal will see Perpetual take a 75% stake in the $64 billion Barrow Hanley. The non-underwritten share purchase plan comes as Perpetual successfully completed its ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
... United Football Club. The buyer consortium also included PCP Capital Partners and Reuben Brothers and would have taken an 80% stake in the football club. The group cited the global uncertainty as a result of the pandemic as well as the prolonged process. ...

Platforms reveal merger details

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
... cash and one Praemium share for every two Powerwrap shares. It is also the largest shareholder of Powerwrap with a 15.1% stake in the business. Praemium chair Barry Lewin said: "The merger is an exciting opportunity for Powerwrap and Praemium shareholders ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... CountPlus, which it said is in line with the intent and terms of its acquisition of Count Financial. CountPlus holds an 85% stake in Count Financial and together with a special purpose subsidiary of a discretionary trust; CountPlus acquired the firm ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... (formerly Grant Samuel Funds Management, before Canadian CI Financial Corp acquired 80% of the business) owns a minority stake in Redpoint. GSFM bought 49% stake in Redpoint last year, buying from MLC Asset Management. It is led by Max Capetta, formerly ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
There have been renewed calls from the country's major life insurers and adviser groups for a reset of the life insurance sector to allow for greater access. The Choice and Assess to Life Insurance (CALI) campaign, includes members from AIA, MLC ...

Perpetual takes stake in US asset manager

JAMIE WILLIAMSON, KANIKA SOOD  |  MONDAY, 27 JUL 2020
... interest in a US-based asset manager. Perpetual has entered an agreement with BrightSphere Investment Group to acquire its stake in $64 billion Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley); a global manager based in the US that invests across ...

Giselle Roux joins Melbourne boutique

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... role. Roux left Escala in August 2019 after six years with the firm, following US-based Focus Financial Partners taking a stake in it in February 2019. She has now joined Conscious Investment Management's investment advisory committee, alongside ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
With the much-awaited final report expected to be handed down today, all eyes are on its findings. Here's what Rice Warner and Grattan Institute are expecting from it. A draft of the report was not circulated for stakeholder comment and the review ...