Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1461 - 1470 of 5860 results for "West"

Westpac investment arm awards real estate mandate

KANIKA SOOD  |  TUESDAY, 17 JUL 2018
A $10 billion investment arm of Westpac has awarded a mandate to a multi-asset manager, as it broadens its approach to listed real estate assets. Principal Global Investors Australia said it has picked up a number of investment mandates, including from ...

Westpac ditches SMSF lending

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
Westpac will terminate its self-managed superannuation fund loan offering at the end of this month. Customers wanting to use SMSFs to borrow and purchase residential investment property in Australia will have to look elsewhere. The bank and its subsidiaries ...

Mirae Asset Management hires distribution head

KANIKA SOOD  |  FRIDAY, 13 JUL 2018
The $171 billion global asset manager has hired a local distribution head to grow its Asian equities offerings in the Australian market. Joining Mirae Asset Management is Don Gunawan as its head of wholesale and retail distribution. In his most recent ...

Praemium FUA surpasses $8bn

KARREN VERGARA  |  FRIDAY, 13 JUL 2018
... Australian business. It most recently won Morgan Stanley Wealth Management's managed accounts business and inked a deal with West Australian wealth manager Hartleys. It also signed a five-year contract with CMC Markets Stockbroking to provide portfolio ...

Sovereign investors change tack: Invesco

KANIKA SOOD  |  THURSDAY, 12 JUL 2018
Equities have overtaken bonds in the portfolios of sovereign wealth investors, according to Invesco which interviewed 126 central bank and sovereign wealth managers. Asia Pacific sovereign wealth investors are eyeing alternative investments and picking ...

Asset manager hires insto sales director

KANIKA SOOD  |  MONDAY, 9 JUL 2018
... institutional sales director in June 2017. Prior to this, she was a vice president of global consultant relations covering the US West Coast based in California. In her new role as Legg Mason's institutional sales director, she will report to business ...

CBA, ANZ told to clean up superannuation distribution

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
An ASIC investigation alleges Commonwealth Bank and ANZ branches offered superannuation products to customers at the end of general fact-finding processes, which the customers may have mistaken as "personal" advice rather than "general" advice. Commonwealth ...

Super fund chair appointed to NSW Generations Fund

KANIKA SOOD  |  WEDNESDAY, 4 JUL 2018
The chair of a $42 billion government superannuation fund and a former RBA Governor are joining the advisory board of New South Wales' new sovereign wealth fund. The state has also appointed its first chief economist. State Super chair Nicholas ...

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
Macquarie will axe the payment of grandfathered commissions to financial advisers working within its wealth management division. Following BT Financial Group's lead, Macquarie has said it will discontinue the practice of advisers within its private ...

Praemium inks deal with WA-based wealth manager

HARRISON WORLEY  |  WEDNESDAY, 4 JUL 2018
A West Australian wealth manager with about $1.2 billion in funds under management is Praemium's newest client. Broking and wealth management firm Hartleys will manage its client portfolios using Praemium's reporting and administration platform ...