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Advent International lands in Australia, names MD

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2024
... of software-as-a-service (SaaS) solutions for the property industry. It has also transacted in Transaction Services Group (now part of Xplor Technologies), and defence, aerospace, and technology companies Cobham and Ultra Electronics. Advent managing ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... future direction of the global economy. "Around half our members are aged under 30 and will be retiring many decades from now. We have a clear focus on growing their retirement savings by harnessing the long-term factors that will drive the markets and ...

Iress hack investigation finds 20 OneVue files breached

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... that a limited portion of the OneVue platform's production environment was accessed. Following investigation, Iress has now confirmed a limited amount of personal information relating to 20 OneVue employees and clients was accessed. This is because ...

Aviva exits Australia, shutters fund

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... market." The confirmation follows the Australian managing director Brett Jackson departing the fund manager, announcing it is now managing distribution from Singapore. A spokesperson for Aviva Investors said it is making changes to its distribution model ...

WTW names new head for Australia and New Zealand

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
... made tremendous progress and built great foundations for growth in Australasia in recent years, thanks to Simon Weaver, and now with James' leadership, we are poised to take this to the next level." Notably, Weaver will continue as WTW head of Asia Pacific ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... and all involved richly deserve." Meantime, NBL owner Larry Kestelman said: "We are proud to be part of a group that will now have an opportunity to rethink what the best version of the WNBL can look like and set the direction for the future as we did ...

Pacific Current names acting chief executive

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... Current's three fund managers - Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners. He is now co-managing director of GQG's Private Capital Solutions (PCS) business, which he leads with managing director ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... report said that although higher interest rates have taken some time to filter through to company operations, the impact has now really begun to bite. Last financial year, the amount companies spent on interest payments surged by 24%, reaching a record ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... hard, so the loss of that experience has been really problematic," she said. "But the other point that we're looking at now is that there's been an even bigger problem in new entrants. New entrants have crashed to zero straight after 2019." This ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... an authorised representative of Guildfords between 19 September 2018 to 7 October 2022. Atkins' other entities that are now in liquidation - Magnolia Investment Management (MIM)and Magnolia Asset Management (MAM) - were also corporate authorised ...