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Showing 1501 - 1510 of 7096 results for "June 2012"

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
The $1.4 billion Brisbane retail superannuation fund will drop individual branding of two funds it acquired in 2018, as it aims to reduce expenses over next three years. AMG Super, which is partly owned by DDH Graham, has so far run the $140 million ...

WAM sees court win over Keybridge

ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
Keybridge Capital has lost its legal battle against WAM Active over the latter's takeover attempts from last year. In June 2020, Keybridge launched legal proceedings against WAM alleging it had improperly transferred 16 million Keybridge shares into ...

David Atkin joins ME Bank board

KANIKA SOOD  |  THURSDAY, 7 JAN 2021
Former Cbus Super chief executive David Atkin, who r ecently joined AMP Capital, has just added a board position at ME Bank. David Atkin joined the industry-fund-owned bank's board as a non-executive director on January 1, alongside Westpac's ...

Arowana winds up LIC

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
The Arowana Contrarian Value Fund (CVF) is in the process of winding up and delisting from the ASX after a period of underperformance. The listed investment vehicle flagged in April 2020 that it was "engaging in a detailed strategic review" because ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The insurer received a $650 million capital injection just before Christmas, as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021. The raise includes $530 million in ordinary equity, priced ...

WTW appoints Australia segment head

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
Willis Towers Watson has appointed a head for financial solutions for Australia and New Zealand, as it looks to expand its insurance products in the region. Lee Garvey will oversee the segment, which will develop products including credit and non-payment ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The $219 billion global manager has appointed Northern Trust for middle-office outsourcing services, after it separated from Commonwealth Bank. First Sentier Investors' middle-office functions were handled by CBA subsidiary Colonial First State ...

New year, new chief for Aviva Investors

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
Aviva Investors has named a new global chief to replace Euan Munro with immediate effect. Aviva announced the appointment of Mark Versey as chief executive of Aviva Investors, saying it is an important step in the delivery of the group's new strategy. ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
The corporate regulator has lambasted the major auditors for sloppy work, and poor governance and accountability practices. A sample of audits for the six months to June 2020 questions the quality and integrity of audit services. In aggregate, ASIC ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
A former financial adviser and company director will be sentenced on April 30 after pleading guilty to charges relating to mishandling of client money in an IPO. Keith James Flowers (formerly Nigel Flowers) pled guilty to one charge each of dishonesty ...