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Showing 1351 - 1360 of 2989 results for "ARRA"

Praemium chief executive takes back company

ALEX BURKE  |  MONDAY, 15 MAY 2017
The chief executive terminated from Praemium in February has returned to his position following Friday's board spill. Michael Ohanessian was re-appointed as Praemium chief executive, replacing interim chief and former Bankwest managing director Robert ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
Self-managed superannuation funds will be prevented from circumventing contributions caps through the use of limited recourse borrowing arrangements under new Budget measures. Announced in the Federal Budget this week, from 1 July 2017, the outstanding ...

Board changes at Sandon Capital

KARREN VERGARA  |  THURSDAY, 11 MAY 2017
Boutique investment manager Sandon Capital Investments added a new member to its board. The value investor replaced non-executive director Paul Jensen with lawyer Peter Velez. Velez has 28 years' experience in corporate law specialising in equity capital ...

AZ NGA edges on $5bn with next acquisition

ALEX BURKE  |  THURSDAY, 11 MAY 2017
AZ Next Generation Advisory's acquisition of a Cairns-based financial advice practice brings the firm's total assets under management to about $5 billion. The binding purchase agreement with Menico Tuck Parrish Financial Services (MTPFS), established ...

Terrible tax policies of the last 25 years

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
Many Budgets have proven to be good for the country, while others received less than glowing reviews in history books. To take us into the next phase of fiscal policy, one of Australia's most respected and renowned economic commentators, Saul Eslake ...

ANZ and ETFS cut ties

ALEX BURKE  |  THURSDAY, 4 MAY 2017
ANZ ETFS is no more as the rapidly-downsizing bank decided to end its joint venture with ETF Securities, creating a separate business in the process. ANZ ETFS has been rebranded ETF Securities Australia, and eight exchange-traded products originally ...

Challenger recruits CBA research manager

ALEX BURKE  |  THURSDAY, 4 MAY 2017
Challenger has appointed a new national key account manager. Shane Brereton joins Challenger from Commonwealth Bank, where he was senior manager research. Prior to that, he was a senior research analyst at CBA. He was also a business analyst and research ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
A Melbourne man has pleaded guilty in the Magistrates Court to one count of operating a financial services business without a licence. Grant Thorsby Ross (also known as David Thorsby Ross), the former sole director of both Motabank and Multimedia Marketing ...

Bankers told to spread positive message

DARREN SNYDER  |  MONDAY, 24 APR 2017
Twelve months in to its public commitment to place more focus on protecting consumer interests, the banking industry still needs to persuade the community that change is being made. On Friday independent governance expert Ian McPhee delivered his fourth ...

Macquarie buys UK investment bank for $4bn

ALEX BURKE  |  FRIDAY, 21 APR 2017
A Macquarie-led consortium will acquire a UK investment bank for £2.3 billion ($3.9 billion) and merge it with its existing UK infrastructure business. Macquarie, along with the Universities Superannuation Scheme (USS), purchased the Green Investment ...