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Showing 1551 - 1560 of 3465 results for "Stake"

Schroders acquires majority stake in impact investor

KRISTI CHENG  |  MONDAY, 29 JUL 2019
Global asset manager Schroders has acquired a majority stake in Swiss impact investor BlueOrchard Finance. The financial terms of the deal have not been disclosed, with the acquisition expected to complete in the second half of 2019. Schroders now has ...

IOOF rejigs CRO role, appoints successor

KARREN VERGARA  |  FRIDAY, 26 JUL 2019
IOOF has redefined the role of its chief risk officer and appointed a compliance and governance expert to the position. The group also announced the sale of one of its advice practices. Amanda Noble, who has been IOOF's acting chief risk officer ...

APRA proposes new remuneration standard

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
APRA is introducing a new remuneration prudential standard for its regulated entities on the back of the Hayne Royal Commission's final recommendations. Draft prudential standard CPS 511 Remuneration is open for consultation until October 22. Chief ...

Ariel Investments promotes president

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... equity, Hobson purchased about 14% of Rogers' holdings in the firm. Rogers now owns 34.1% of Ariel, while Hobson holds a 39.5% stake. "Both her promotion as well as this share purchase represent a long-planned generational transition of leadership and ...

NAB names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2019
NAB named a former Commonwealth Bank executive as its new group chief executive and managing director. Ross McEwan will take over the top job no later than April 2020, the group announced today. McEwan has been chief executive of Royal Bank of Scotland ...

APRA clarifies super fund acquisition process

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
APRA has released further guidance for parties interested in acquiring a stake in superannuation funds. Parties seeking to acquire a 15% holding or more in an RSE must undertake the new application process. The process, APRA said, is consultative and ...

Coolabah buys retail fund manager stake

KANIKA SOOD  |  THURSDAY, 11 JUL 2019
... owned 50-50 by shareholders of Coolabah and Yellow Brick Road. Yellow Brick Road yesterday announced that is selling its stake to Coolabah for a purchase price of $7.5 million, giving the latter 100% ownership of the business. There will be no other ...

AMP Advice executive joins AFA

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
The head of corporate development at AMP Advice has taken on a new role with the Association of Financial Advisers. Robert Coulter will join the association as general manager, partnerships. AFA chief executive Philip Kewin said Coulter's extensive ...

New chief executive at Evans Dixon

KANIKA SOOD  |  MONDAY, 8 JUL 2019
Evans Dixon has appointed a new chief executive after the incumbent stepped down in June to focus on an under-performing US fund. The ASX-listed wealth and advice firm this morning announced Peter Anderson, who joined the board as an independent non-executive ...

ISA condemned by union

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUL 2019
The Electrical Trades Union has condemned Industry Super Australia's recent report on the energy crisis, saying it puts at risk the very people ISA is supposed to represent. The report, Fixing the Energy Crisis, was issued by ISA last week. It makes ...