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Showing 1391 - 1400 of 17949 results for "Bank"

MA Financial strengthens lending business

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... monthly distributions, they're paying anywhere between 8-10% yields, which is higher than they were used to getting in the bank in post financial-crisis, Wyke added. "When they look at that asset liability matching, that's a really nice stream ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk officer for institutional bank and markets Simone Constant, and Treasury's first assistant secretary Katherine ...

Corporate fund inks deal with Link

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
The partnership, slated for completion by 2024, will also bring Link's PathFinder retirement platform to ANZ Staff Super. Pertinently, more than a third of the fund's members are aged 50 and over. It brings to an end the fund's longstanding relationship ...

No question we need more BTR: Mowat

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
UBS's regional head of real estate John Mowat says there is a "fundamental market need" for more build-to-rent (BTR) developments in Australia. Speaking with Financial Standard, Mowat said there's no question Australia needs more BTR projects. "The ...

Talent attraction key to family office growth: KPMG

CHLOE WALKER  |  WEDNESDAY, 23 AUG 2023
The growth of local family offices in the past five years is driving an increase in demand for investment and management staff, according to KPMG's Australian Family Office Benchmark Report 2023. The survey, produced by KPMG together with Agreus ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... arrangements to ART, bringing in $8 billion and 28,000 members. ART is also in the process of acquiring funds including Commonwealth Bank Group Super, AvSuper, and Alcoa Super. Woodall noted these transfers are progressing and slated for completion during ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... 13.1% drop in the preceding six months and a decline of more than 10% in the six months before that; in December 2021 the bank boasted $219.7 billion. Meanwhile, in the six months to June 2023 end its Australian assets under custody on behalf of locals ...

Zenith chief exits, names successor

KARREN VERGARA  |  MONDAY, 21 AUG 2023
The chief executive of Zenith Investment Partners will step down as the firm's chief operating officer assumes the top job. David Wright vacates the role of chief executive at the end of the year but remains at Zenith to take on a newly created ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... deposit to loan ratio, reaching 84.1%. This was bolstered by an $8.7 billion growth in customer deposits. Additionally, the bank experienced a $6.4 billion increase in loans, predominately driven by owner-occupied mortgages and business lending. Common ...

ASIC renews leadership team

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
The corporate regulator has made several executive changes within its enforcement and compliance, regulation and supervision and markets group teams. ASIC's current senior executive leader, investigations Chris Rowe has been promoted to the role of ...