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Showing 121 - 130 of 444 results for "ASX/S"

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...

$1.5bn pulled from Pendal

KARREN VERGARA  |  FRIDAY, 12 APR 2019
Westpac is pulling $1.5 billion of funds under management from Pendal Group over April as it consolidates its superannuation offerings. Pendal's management fee margin will be impacted by 0.31%, predominantly coming from multi-asset funds under management ...

Praemium loses major client

KARREN VERGARA  |  MONDAY, 8 APR 2019
Praemium has lost an Australian institutional client that contributed 8% to its revenue. ANZ Private made $4 million in revenue for Praemium during the 2018 calendar year. It will transition to new platform provider Netwealth from July 2019. While "it ...

UBS small caps team launches boutique

KANIKA SOOD  |  TUESDAY, 2 APR 2019
UBS Asset Management's small caps team is kicking off a boutique at Challenger's multi-boutique business Fidante Partners with a new unit trust in the works. Stephen Wood, Victor Gomes and David Haddad worked together for eight years on the ...

Australian subscription firms outperform ASX growth index

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report on the subscription economy has revealed Australian subscription companies grew revenues 10 times the rate of the ASX sales-per-share index. The report by Zoura found that over a seven year period, from 2012 to 2018, the companies featured ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Australian employment figures and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses. Westpac has announced it is exiting personal financial advice. Commonwealth Bank ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
Billionaire fund manager Kerr Neilson and philanthropist Judith Neilson sold $300 million of their stake in Platinum Asset Management, to put money towards philanthropy and personal investments. The Platinum co-founder now has a retaining control over ...

Link sells a slice of $1.5 billion acquisition

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
Link Group is selling a part of a business it acquired for $1.5 billion in 2017, with the proceeds going to pay down debt. The ASX-listed company has entered a binding agreement to sell its corporate and private clients (CPCS) business to Apex Group ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
Several veterans of Australia's financial services industry were recognised over the long weekend in the 2019 Australia Day Honours List. Honoured for their service to the sector, the list features a number of familiar faces, including the chair ...

Watermark pulls out of global equities

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
Watermark Funds Management is shuttering its global equities business, saying farewell to a number of senior staff. The ASX-listed fund manager announced it is in the process of liquidating its international exposures and will return to its original ...