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Showing 1471 - 1480 of 3558 results for "October 28"

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...

Family office invests in absolute return fund

KANIKA SOOD  |  MONDAY, 24 SEP 2018
A Singapore-based family office is investing $34 million in an absolute return fund run by a fintech that offers a crowdfunding loan platform for small to medium enterprises. CoAssets is headquartered in Singapore and listed on the ASX (CA8) with a ...

JCP appoints executive chair

KANIKA SOOD  |  MONDAY, 24 SEP 2018
JCP Investment Partners has appointed a former TCorp general manager of investments to chair its board as a part of its management transition. Mark O'Brien replaces the incumbent (interim) chair Richard Balderstone, starting October 1. O'Brien will ...

Hagger to depart NAB

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
National Australia Bank has announced Andrew Hagger will leave the bank at the end of the month and will be replaced by Mike Baird. As part of a raft of changes to the institution's executive leadership team, Hagger - as chief customer officer of consumer ...

WAM Capital commences LIC takeover bid

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
WAM Capital has opened a month-long offer to shareholders of a LIC that it wants to take over, with bidder's statements distributed yesterday. Last month WAM Capital said it would attempt to take over a listed invested Wealth Defender Equities (WDE) ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

IOOF offloads corporate trust business

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
IOOF has sold its Australian Executor Trustees (AET) corporate trust business while retaining the AET private trust business, as it moves further in the direction of being an advice-led organisation. The buyer is financial services technology and infrastructure ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
The boutique launched by former Macquarie stock pickers under Pinnacle's banner in May is set to kick off an initial public offer, raising up to $304.5 million for an absolute return LIC. Firetrail Investments lodged a prospectus with ASIC on Tuesday ...

BT Financial Group proposes advice restructure

JAMIE WILLIAMSON  |  FRIDAY, 7 SEP 2018
BT Financial Group is reviewing its business model for salaried financial advisers, with plans to discontinue the Virtual Advice offering - resulting in significant redundancies. BT Financial Advice has proposed the scrapping of its virtual advice initiative ...

CBA research lead heads to Morningstar

KANIKA SOOD  |  FRIDAY, 7 SEP 2018
Commonwealth Bank's executive manager of research has resigned to take up a role at Morningstar, the two companies confirmed. After 11 years in the role, Aman Ramrakha will now join Morningstar as director, manager research ratings APAC. He will ...