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| | | Praemium now has a fully stocked executive team, with the appointment of a chief governance and risk officer completing chief executive Anthony Wamsteker's refresh. Rachel Axton will join Praemium later this month as chief governance and risk officer. ... |
| | | | The region's largest real asset manager has promoted Josh Daitch and Matthew Lawson to group chief investment officer and group chief operating officer, respectively. Daitch has worked with ESR since 2018, serving as group head, capital and new economy ... |
| | | | ... accommodation and food services at 0.5% and retail trade at 0.1%. The mining industry (-2.8%) experienced the steepest decline in real output and productivity for the second consecutive year. The manufacturing sector also declined at -0.5%. There are ... |
| | | | A new chief customer officer has been named at Commonwealth Superannuation Corporation (CSC), bringing experience in financial advice, super and insurance. Adam Nettheim has taken on the role, a promotion from his prior role as executive manager, customer ... |
| | | | Challenger has settled the sale of its real estate business to Elanor Investors Group for the final price of $38 million. The total consideration, which represents 24.8 million shares issued in ASX-listed Elanor (ENN), is before-tax and transaction ... |
| | | | ... through increased scale, diversification, and distribution stability. Fernandes added that Cromwell's reputation as a "leading real estate funds manager and a custodian of investors' capital" places the combined fund in good stead for future success. ... |
| | | | ... industry," he said. While the pool of capital in Australia will continue to grow, thanks to compulsory superannuation, there are real headwinds for fund managers. "Fewer superannuation fund clients, declining revenue margins, insourcing of investment ... |
| | | | The alternatives fund manager has launched a strategy to wholesale investors that targets secured real estate loans located in Australia and New Zealand. iPartners' Property Credit Fund is capped at a $50 million raise before first close, with iPartners ... |
| | | | The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ... |
| | | | The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ... |
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