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Showing 1391 - 1400 of 3289 results for "Smith"

CBA wealth division shrugs off falling market

MARK SMITH  |  WEDNESDAY, 5 NOV 2014
The Commonwealth Bank's wealth management division has contributed to the bank's strong quarterly result, posting positive growth despite falling markets. Funds under management in the wealth division increased by 3.5% over the three months to 30 September ...

PIMCO rehires senior investment executive

MARK SMITH  |  TUESDAY, 4 NOV 2014
PIMCO has reappointed former senior portfolio manager Marc Seidner to a leading investment position. He rejoins the firm as chief investment officer - non-traditional strategies and head of portfolio management in the New York office. He will also sit ...

NZ Super terminates AMP Capital mandate

MARK SMITH  |  TUESDAY, 4 NOV 2014
The New Zealand Superannuation Fund has terminated AMP Capital's New Zealand active equities mandate, effective from 30 October. The value of the mandate was NZ$257.5 million ($228.8 million). AMP Capital was appointed to the mandate in 2003. The decision ...

Van Eyk spin-off signs first major client

MARK SMITH  |  TUESDAY, 4 NOV 2014
InvestSense, the company established by van Eyk's former asset consultant team, has signed its first major client. Sentry Group, a national dealer group headquartered in Perth, has signed up to the new service. Established in 2005 by industry stalwart ...

MetLife partnership extend group insurance to SMEs

MARK SMITH  |  MONDAY, 3 NOV 2014
MetLife Insurance will partner Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife's group life cover to Australian small to medium-sized enterprises (SMEs). The two companies have produced a suite of co-branded ...

Bloomberg takes full control of UBS indices

MARK SMITH  |  MONDAY, 3 NOV 2014
Bloomberg Indexes has taken full control of the UBS bond indices it purchased in April, placing them under its AusBond Indexes brand. The transition was successfully completed on 29 September and Bloomberg is now managing all aspects of the index governance ...

The Infrastructure Fund reaches into Europe

MARK SMITH  |  MONDAY, 3 NOV 2014
The Infrastructure Fund (TIF) has taken a 7.5% stake in UK rail freight leasing company Porterbrook Rail Finance. The move is part of the broader investment strategy for TIF, overseen by trustee The Private Capital Group Pty Ltd (TPCG), to create a ...

In-housing creating consultant uncertainty

MARK SMITH  |  MONDAY, 3 NOV 2014
Asset consultants are jostling for position in a bid to combat the in-housing of super fund investment teams, with a variety of strategies emerging. At its recent annual Ideas Exchange in Melbourne, Towers Watson addressed superannuation fund CIOs some ...

Westpac director resigns from board

MARK SMITH  |  MONDAY, 3 NOV 2014
Westpac director Ann Pickard will retire from the board after the bank's annual general meeting on 12 December, chairman Lindsay Maxsted announced in a statement. Pickard has been a member of the Westpac Board since December 2011. During her time as ...

BTFG earnings up 16%

MARK SMITH  |  MONDAY, 3 NOV 2014
Staying "close to advisers" to assist them cope with regulatory changes helped BT Financial Group (BTFG) to a solid full year result, according to the wealth manager. The company reported a 16% year-on-year increase in cash earnings to $895 million ...