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Showing 1381 - 1390 of 2919 results for "Merge"

Former Janus exec to lead APAC distribution for US hedge fund

ALEX BURKE  |  THURSDAY, 24 MAY 2018
The former head of Australasia at Janus Capital is taking the Asia Pacific distribution reins at a US$58 billion Los Angeles-based hedge fund manager. John Landau will join Causeway Capital Management and build out its Asia Pacific distribution footprint ...

Industry fund awards currency mandate

HARRISON WORLEY  |  THURSDAY, 24 MAY 2018
A $55 billion profit-for-members fund has awarded a $350 million mandate to a global currency manager. Sunsuper awarded the active currency mandate to Record Currency Management, which the fund hopes will generate risk-adjusted returns using the manager's ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian ...

Macquarie merges private wealth businesses

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
Macquarie Group is consolidating its private bank and private wealth businesses to concentrate its growth strategy on high net-worth (HNW) clients, a move it expects to affect advisers. HNW clients are already the exclusive focus of Macquarie's private ...

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
QSuper and TCorp believe sequential investment models at large asset owners are past their used-by date and investment committees must be delegating day-to-day investment decisions. The two institutional investors use what is known as the total portfolio ...

Former NAB subsidiary flags merger with Virgin Money

ALEX BURKE  |  TUESDAY, 8 MAY 2018
An ASX-listed banking group formerly owned by NAB made a preliminary approach with respect to an all-share combination with Virgin Money in the UK. CYBG, which operates through the Clydesdale Bank, Yorkshire Bank and B brands, will acquire all issued ...

WA Super names advice GM

KANIKA SOOD  |  FRIDAY, 4 MAY 2018
WA Super has made two promotions, including in its advice business. Quyen Truong moved into the role of WA Super's general manager of advice and distribution in April. She was previously head of advice in the fund's operations management team. Before ...

CountPlus appoints chief operating officer

KARREN VERGARA  |  THURSDAY, 3 MAY 2018
CountPlus named a new chief operating officer and appointed an advisory firm to assess merger and acquisition opportunities. Mark Chapman is the former chief executive of Bentleys Network. He joined the business advisory, accounting and audit firm about ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...

MDA provider makes key hires

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
A $12.8 billion listed MDA provider appointed a new head of operations and head of product to its leadership team. Managed Accounts Holdings (MGP) has brought Craig Semmens on as head of operations for the Linear side of the business. He will provide ...