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Showing 1451 - 1460 of 17948 results for "Bank"

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

ESR appoints investment, operating chiefs

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
The region's largest real asset manager has promoted Josh Daitch and Matthew Lawson to group chief investment officer and group chief operating officer, respectively. Daitch has worked with ESR since 2018, serving as group head, capital and new economy ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... interact with each other. "In the midst of this review, we once again learned the importance of resilience when a sudden bank run and contagion caused three large banks to fail and we experienced significant stress in the banking system, stemmed only ...

16% of asset managers to exit by 2027: PwC

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
The asset and wealth management industry is set to undergo seismic change in the coming years, according to a new report by PwC. The report, which surveyed 500 asset managers and institutional investors, forecast that 16% of asset and wealth management ...

Commonwealth Bank backs Wollemi Capital

CHLOE WALKER  |  MONDAY, 10 JUL 2023
The bank was a major strategic investor in the investment boutique's recent capital raising, eyeing an opportunity to help its customers better manage their own carbon emissions. Named after the endangered Australian pine tree species, Wollemi Capital ...

AZ NGA welcomes head of M&A

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... Road as its general counsel and company secretary. Prior to that, he held senior legal counsel roles at the Commonwealth Bank, Challenger and IBM. "AZ NGA is an ambitious company with a high calibre team, and I am excited about the opportunity to join ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The financial advice industry is experiencing a buoyant jobs market in 2023, according to a specialist recruitment firm, particularly in the last three months which saw healthy demand for associate adviser roles. Recruit2Advice principal Dugald Braithwaite ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
Too many asset managers are disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management ...

Maple-Brown Abbott names risk chief

ELIZABETH FRY  |  FRIDAY, 7 JUL 2023
... management and compliance at IAG Asset Management for over six years. During her career, Birrell has also worked at Deutsche Bank, TD Waterhouse Investor Services, Schroders Investment Management and HSBC Markets (Australia). Commenting on Helen's ...