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Showing 131 - 140 of 634 results for "Mergers"

AMP appoints new board member

ANDREW MCKEAN  |  MONDAY, 27 JUN 2022
... transformation." "Andrew will bring strong expertise and valuable insights in capital management, financial markets and mergers and acquisitions, gained from an extensive career both in Australia and internationally. We look forward to his contribution ...

Mutual sector overcomes pandemic headwinds

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... number of active co-operative and mutual enterprises had decreased slightly since 2019. This was reflective of a wave of mergers and consolidatory actions that resulted in larger enterprises but a smaller overall number. The profitability across the ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... just under a quarter of large funds over $50 billion in size. APRA has confirmed it's seeking greater powers to force mergers and as such KPMG expects upward consolidation trends to continue for a number of years. Of note, over 2020/2021, the number ...

Foresters appoints chief risk officer

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... experience at Tasplan Super in providing leadership through periods of significant change and complexity through three fund mergers to enable the evolution of a highly engaged and productive team is an impressive achievement."

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... a year plus 0.19% to $78 a year plus 0.19%. "The benefits of scale are clear, enabling a downward trajectory on fees. Mergers are a contributor to this. Lower fees will help members to grow their super balance," Cbus chief executive Justin Arter said. ...

Macquarie Group posts record earnings

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... technology and business service sectors. The market-facing business also enjoyed higher fee and commission income due to mergers and acquisitions growth and higher net interest in the private credit portfolio. Of note, whilst Australia's total income ...

Hostplus, Statewide Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
... sectors. It also includes several defined benefit members, with Elia commenting: "This positions the fund well for future mergers. The ability to service defined benefit members will further broaden our appeal and suitability as a merger partner and ...

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
... focus on delivering great outcomes for members". "AustralianSuper's absolute priority in everything we do, including mergers, is to be members first and achieve the best outcomes for members," Kerlin said. "The merger is an opportunity to deliver ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... all metrics and will likely struggle to compete with larger RSEs, APRA said. Taking the opportunity to encourage more mergers, APRA said analysis of merger outcomes since the heatmaps began in 2019 shows combined fee savings because of merging of about ...

AvSuper marks strong EOI response, adds to board

JAMIE WILLIAMSON  |  MONDAY, 28 MAR 2022
... than two decades before retiring in early 2021. Among other things, Coogan is well versed in strategic planning and fund mergers, expertise that will come in handy as AvSuper considers its options. "David brings us a wealth of experience in the superannuation ...