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

Search Results

Showing 131 - 140 of 271 results for "Corporate trust"

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
... expecting net income of roughly $30.5 million, and a net profit after tax of $28.1 million. IOOF sold its AET corporate trust business for $51.6 million to Sargon last year. Liability for any outcome from this case was retained by IOOF, both companies ...

Equity Trustees confirms international strategy

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
Equity Trustees' London-based fund services business has been appointed authorised corporate director for the $88 billion River and Mercantile Funds. Equity Trustees' function as authorised corporate director means it will perform oversight for funds ...

BNY Mellon adds to Melbourne team

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
BNY Mellon has made its first client-facing appointment for its Melbourne office in its 50-strong corporate trust business. Jason Mistry is joining the Melbourne office in a business development role. He is the second Melbourne hire in BNY Mellon's ...

Ironbark acquires firm, eyes instos

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Ironbark Asset Management has acquired a funds management servicing firm, as it aims to expand into the institutional market. The $20 billion Aussie asset management solutions provider, which currently focuses on wholesale clients, acquired 100% of ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... $514 million. Both the investments and private wealth business reported a dip in their profits before tax but the corporate trust services business profit grew by 12% during the year. Perpetual Private's 11% lower profit before tax of $41.2 million ...

Perpetual profits dip, investments down 29%

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... $514 million. Both the investments and private wealth business reported a dip in their profits before tax but the corporate trust services business profit grew by 12% during the year. Perpetual Private's 11% lower profit before tax of $41.2 million was ...

Trustee firm adds executive

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
A trustee and fund administration services provider appointed a new senior executive to its trustee business to co-lead its expansion. Glenn White, formerly senior business development manager at Australian Executor Trustees (now Sargon), has joined ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
From July 1, whistleblowers who report misconduct about companies and company officers have more rights and stronger protections. The Corporations Act 2001 has been updated to better protect corporate whistleblowers by requiring their confidentiality ...

Perpetual wins trustee mandate

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
An infrastructure fund aiming to invest $500 million over five years has chosen Perpetual Corporate Trust as its custodian and wholesale trustee. Impact Investment Partners' new fund, called the Indigenous Infrastructure Fund (IIF), is a private wholesale ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... billion in FUA for charitable trusts and endowment funds; before-tax profit was 2% lower at $22.6 million. Perpetual Corporate Trust was the only subsidiary to report positive year-on-year growth. Profit before tax was $22.4 million or 13% higher than ...