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Showing 1461 - 1470 of 3756 results for "Acquisition"

Profits down as Perpetual looks to future

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
... while remaining focused on supporting our clients and their needs," Adams said. Adams highlighted Perpetual Private's acquisition of Priority Life and its increased number of "high quality" advisers, which grew by 24% in the last year. Net outflows of ...

Focus to acquire stake in MEDIQ

KANIKA SOOD  |  WEDNESDAY, 19 FEB 2020
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services. Focus has entered a definitive agreement to partner with Ravi Agarwal's MEDIQ Financial ...

Long-time IOOF director steps down

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
A member of IOOF's board has stepped down after a decade and a half as a director of the wealth manager. IOOF has announced the retirement of former PWC partner Jane Harvey, who steps down from the board after 15 years. However her retirement is set ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
... Shareholders have been offered $74.77 per share in cash - over 20% more than what Legg Mason stock closed at last Friday. The acquisition of Legg Mason and its multiple investment affiliates will establish Franklin Templeton as one of the world's ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... the period, IOOF sold its stake in Ord Minett as well as in Perennial Value Management. Meanwhile, it completed the acquisition of ANZ's pensions and investments business for a renegotiated price. IOOF has $58.5 billion in average funds under advice ...

JP Morgan appoints two Aussie leads

ALLY SELBY  |  TUESDAY, 18 FEB 2020
JP Morgan has appointed not one, but two co-heads to lead the firm's investment banking business down under. Jabe Jerram and Simon Ranson have been appointed as co-heads of JP Morgan's investment banking coverage. A JP Morgan spokesperson said the appointments ...

Zenith enters superannuation

ELIZA BAVIN  |  TUESDAY, 18 FEB 2020
Zenith Investment Partners announced a $12 million acquisition supporting its push into the superannuation industry. Zenith has entered into an agreement to purchase the Chant West superannuation and consultancy business, supporting the growth ambitions ...

Perpetual head jumps for greener pastures

ALLY SELBY  |  MONDAY, 10 FEB 2020
A Perpetual general manager has packed his bags, departing the financial services firm for a simpler life in Hobart, Tasmania. Perpetual general manager of corporate finance and investor relations, Andrew Ehlich, resigned last month after a 13-year ...

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... external administration at the hands of one of its backers, Taiping Trustees. Sargon owed money to OneVue for the acquisition of its trustee business Diversa but failed to make the necessary payments. OneVue is currently attempting to recoup about $31 ...

Phillip Kingston resigns from GrowthOps board

KANIKA SOOD  |  WEDNESDAY, 5 FEB 2020
... continuing to support the company," he said. The resignation comes a day after OneVue Holdings, which is owed money from an acquisition, appoints receivers and managers to asses the overall position with respect to Sargon. OneVue (ASX:OVH) has appointed ...