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Celebrating women in financial services

STAFF WRITER  |  MONDAY, 8 MAR 2021
According to recent data from the Workplace Gender Equality Agency, women hold 14.6% of chair positions, 28.1% of directorships and represent 18.3% of chief executives and 32.5% of key management personnel. Perhaps most concerning of all, only 0.4% ...

Westpac best for ESG reporting in Australia: Report

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... laundering and counter-terrorism financing laws. Westpac was one of only two companies from outside of Europe to rank in the top 10 for ESG transparency globally. The banking giant was named fifth in the world, behind European companies Inditex, Santander ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... their jobs" despite the government's unprecedented response, amounting to over £280 billion since. The economy needs a top up. "At this Budget we are announcing an additional £65 billion of measures over this year and next to support the economy ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... country posted back-to-back quarters of 3%-plus expansion. In the words of Ol' Blue Eyes, Australia's now "A number one, top of the list, head of the heap, king of the hill..." Sinatra was, of course, singing about the Big Apple (New York) but ...

Best global equities funds

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... of symmetry in distribution of returns) and kurtosis (measures of the fatness or skinniness of returns distribution). The top-performers in international equities active core were BetaShares Global Sustainability Leaders, Intermede Global Equities Fund ...

CPP Investments chief steps down

KARREN VERGARA  |  MONDAY, 1 MAR 2021
The chief executive of the Canada Pension Plan Investment Board (CPP Investments) has exited the top job amid reports he left the country to receive a COVID-19 vaccination. CPP Investments announced that Mark Machin resigned shortly after he "decided ...

Australian equities funds downgraded

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... Pendal Smaller Companies continues to be a good place to invest, but our reduced conviction in the team sees it fall from our top billing," Morningstar said. Fidelity Australian Opportunities, Yarra Australian Equities Fund and Perpetual Wholesale Concentrated ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... pledges. We all know what higher bond yields do to the stockmarket, they weigh it down. The better an individual country gets on top of the pandemic, the more "sun-shiny" its economic future becomes, the lesser the need for loose monetary and fiscal ...

CFOs gain clout in ESG metrics

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... financial officers globally in its survey had transformed their roles effectively, in the process adding to the company's top-line as well as bottom-line. "CFOs who fully exemplify their new roles and operate effectively at breakthrough speeds could ...

Financial services eyes gig economy workers

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... visibility often means that training needs are overlooked, extra work isn't appreciated, and it is more difficult to separate top performers from the middle of the pack," PwC said.