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Showing 151 - 160 of 301 results for "Divestment"

IOOF divests Perennial Value

ELIZABETH MCARTHUR  |  FRIDAY, 11 OCT 2019
... loss on the sale and sale proceeds themselves are not material to IOOF. IOOF chief executive Renato Mota said: "The divestment of our investment in PVM allows us to focus on our core wealth management capabilities." "We are committed to our advice - ...

MLC Wealth appoints chief operating officer

KRISTI CHENG  |  FRIDAY, 30 AUG 2019
MLC Wealth has appointed a new chief operating officer from Westpac, who took the reins in mid-August. Anthony Lane joined MLC Wealth after nearly five years at Westpac subsidiary BT Financial Group, where he served as chief operating officer of BT ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing an "extended period of uncertainty" as a result of pending foreign regulatory ...

Platform provider divests advice firm

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... which time McGregor stepped down as director. Financial Standard understands he is still employed by GPS Wealth. The divestment comes as a result of a request by McGregor to buy back the Xplore shareholding in his firm. Xplore said the divestment is ...

New tax-effective Aussie shares fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
... taking into account the tax implications while executing each trade during a portfolio rebalance, stock additions and divestment and fund redemption. The fund tracks the price it bought a holding at and actively calculates the capital gains tax it may ...

Super fund divests companies with all-male boards

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... inequality in super balances - after all, our members could very well be employees of these companies." Future Super's divestment announcement comes as the Australian Council of Superannuation Investors calls for more ESG integration and gender diversity ...

Pension fund giant cuts BHP

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... ambition is to send a strong signal on the urgency of transitioning from fossil fuel to renewable energy sources. Through divestment and active ownership, KLP intends to send a clear market signal to producers, distributors and users of energy," it said. ...

CountPlus acquires stake in advice firm

KARREN VERGARA  |  TUESDAY, 30 APR 2019
... wealth management firms. The remaining asset in PWM is a 40% stake in Rundles Financial Planning. This completes the divestment of Prime's minority equity interests in accounting firms. It will now focus on accounting and business advisory, and wealth ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... and globally." When asked to clarify what kind of action HESTA hopes to see from social media companies given that divestment is not presently an option, a spokesperson for the super fund said: "Our objective is to get Facebook, Twitter and Alphabet ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... example of investors muscling in to influence corporate behaviour. He also pointed to Milford Asset Management's divestment of its NZ$14 million shareholding in Facebook. O'Connor said this is an example of how seriously investors are thinking ...