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Showing 131 - 140 of 816 results for "Settlement"

VanEck establishes foothold in Brisbane

ANDREW MCKEAN  |  TUESDAY, 27 FEB 2024
VanEck will have a team dedicated to the Queensland market from next month, responding to growing demand for its exchange-traded funds (ETFs) among financial advisers in the state. The investment manager also bolstered its Australian team with new investment ...

ASX issues first corporate bond, underwritten by Westpac

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... are targeted at Australian and international institutional investors, excluding retail investor participation. The settlement of the Notes, contingent on preceding conditions, is slated for 26 February 2024. Westpac serves as the exclusive lead manager ...

Oaktree's local head of distribution resigns

ELIZABETH FRY  |  MONDAY, 5 FEB 2024
Oaktree Capital Management's head of distribution for Australia and New Zealand has left the firm and is currently on gardening leave. Two years ago, Brett Penprase joined the US$172 billion investing powerhouse co-founded by Howard Marks with 27 ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates. This includes France's Thales ...

MSC Trustees acquires Certane Corporate Trust

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... administration and corporate trustee business formerly owned by the now-defunct Sargon Capital. Following the transaction settlement on January 12, MSC Trustees now has some $30 billion in funds under appointment in acquiring the division of the Certane ...

J.P. Morgan pays US$18m over whistleblower rule breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2024
... J.P. Morgan agreed to pay US$18 million ($27.3m) to settle the charges. "Whether it's in your employment contracts, settlement agreements or elsewhere, you simply cannot include provisions that prevent individuals from contacting the SEC with evidence ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... Corporations and Competition (CS Services) Instrument 2024, a new legislative proposal aimed at regulating clearing and settlement (CS) services. The proposed instrument, issued under the authority of assistant treasurer Stephen Jones, outlines the framework ...

ASX selected to develop local carbon exchange

RACHEL ALEMBAKIS  |  FRIDAY, 12 JAN 2024
... a carbon exchange to launch later this year. The carbon exchange is intended to allow for the trading, clearing and settlement of Australian carbon credit units (ACCU). CER first sought expressions of interest for participants to develop Australia's ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... payment of $381 million in Q1. Link Group added that it remains confident that if the approval is not granted and the settlement is terminated, all liabilities remain with Link Fund Solutions and Link Group is not obligated to contribute to those in ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member ...