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Showing 1621 - 1630 of 6679 results for "Sale"

Macquarie suit to lead Challenger joint venture

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
Challenger and an American fund manager have hired from Macquarie's Sydney offices, as they appoint an Australia head for their joint venture which is readying a credit fund. Ares Australia Management was set up in October last year as a joint venture ...

New boutique at Pinnacle

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
A former Morgan Stanley investor has partnered with Sydney multi-boutique Pinnacle Investment Management to launch a new Asia-focused boutique. Reminiscent Capital was piloted by Pinnacle last year, and describes its strategy as discretionary Asia Macro. ...

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
A former CommInsure and MLC executive has returned to Australia to lead local client solutions for a global reinsurer. Martyn Gilling has been appointed head of client solutions at Pacific Life Re Australia, in a role that will see him assume responsibility ...

New head of wholesale at Fidelity

KANIKA SOOD  |  WEDNESDAY, 5 FEB 2020
Fidelity has appointed a new head of Australian wholesale sales from Ellerston Capital, after Andrew Mathie left the role last year. Simon Glazier, who was Ellerston Capital's head of intermediated distribution and marketing since 2015, will join in ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... developments at Sargon sent OneVue Holdings into a trading halt on Friday, as it awaits deferred payments from Sargon for the sale of the Diversa Trustees business. Today, the ASX-listed business's board and executives said the Sargon saga hasn't ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...

Perpetual appoints APAC lead

ALLY SELBY  |  MONDAY, 3 FEB 2020
Perpetual has appointed a new managing director to lead its Asia Pacific operations. Matt Allen has rejoined Perpetual in the newly-created Singapore-based role, and will be responsible for the firm's growth strategy. He will focus on growing the Perpetual ...

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
ANZ completed its sale of OnePath Pensions & Investments to IOOF for a renegotiated price of $850 million. The final sale price was $850 million, including the $25 million that ANZ received for the sale its aligned dealer groups in 2018. It was a renegotiated ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of ...

Overhaul bites Deutsche Bank bottom line

ALLY SELBY  |  FRIDAY, 31 JAN 2020
Multinational investment powerhouse Deutsche Bank is looking worse for wear, posting a full-year net loss of $8.71 billion (€5.3 billion). The multi-billion dollar loss has been driven by the bank's strategic transformation project, which saw ...