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Showing 151 - 160 of 17411 results for "Billion"

Perpetual weighed down by wealth management business

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Perpetual Group recorded "stable" revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue. Operating revenue of $1.4 billion was stable year-on-year, with revenue growth reflected by its corporate trust division ...

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
... operations, which includes the trustee and wealth services (TWS) and corporate trustee services (CTS), increased 15.1% to $191.9 billion. Revenue for both ongoing departments also increased 9.4% to $167 million. Further, the group declared a final dividend ...

GDG posts 21% profit rise as record inflows lift FUM

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
... (GDG) has reported a 21% increase in underlying net profit after tax to $40.7 million for FY26, driven by a record $9.7 billion in net inflows and a 37% increase in funds under management (FUM). Group revenue rose 23% to $178.7 million, while group FUM ...

MFG profit falls 47% as Barrenjoey lifts combined earnings

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
... MFG's $42 million share of Barrenjoey's earnings. MFG's asset under management fell 7% over the year to $36.7 billion, with institutional inflows into Australian equities and global listed infrastructure strategies, alongside growth in systematic ...

Pacific Current eyes return to active management

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
... has received a proposal from River Capital, a major shareholder and an established Australian investment manager with $1 billion in assets under management, for Pacific Current to acquire the firm. River Capital's proposal envisages Pacific Current ...

American Century names APAC managing director

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
... managing director and head of Asia Pacific, joining from Dimensional Fund Advisors. Nigel Stewart has joined the US$350 billion global asset manager and will report to Avantis Investors chief investment officer Eduardo Repetto. "Nigel is a global visionary ...

BT Panorama hires long-serving Russell Investments executive

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
... their way, and to keep it consistent as their business grows." BT Panorama's managed accounts assets have reached $43.8 billion. This spans separately managed accounts (SMAs), tailored portfolios (MDAs) and adviser portfolios. BT chief product officer ...

Bathla collapse rattles private credit

RIDDHIMA TALWANI  |  WEDNESDAY, 26 AUG 2026
... exposure to the Bathla Group. Financial Standard understands the temporary redemption limit does not impact the $15.5 billion private credit fund manager's non-real estate credit funds, including the MA Priority Income Fund. Last week, Centuria Bass ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
... maintaining our disciplined approach to investment and execution," Hein said. Total FUA i ncreased to 20.3% to $135.7 billion while net flows reached $15.4 billion. Client accounts increased 12.4% to 182,276 and financial intermediaries rose 5.9% to ...

Future Fund chief steps down

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2026
... returns above its benchmark and increased total funds under management across the funds overseen by the board from $205 billion to $356 billion," Future Fund said. "During Dr Arndt's tenure the fund has also developed a high-performance, collaborative ...