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Showing 151 - 160 of 684 results for "Mergers"

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... which have increased the complexity and costs associated with administering superannuation funds." "This is resulting in mergers being actively encouraged between superannuation funds. A merger results in a larger fund, which typically achieves a range ...

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
The merger of HESTA and Mercy Super has been finalised, as has that of UniSuper and Australian Catholic Superannuation and Retirement Fund. About 13,000 Mercy Super members and their assets have moved to HESTA, bringing its total funds under management ...

Hostplus, Maritime Super make merger official

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... Maritime Super's merger partner and we look forward to welcoming Maritime Super's members and employers in 2023. "Positive mergers like this one are another great way we can both deliver significant benefits to our members." Meanwhile, Maritime Super ...

AZ NGA buys stake in SCM Financial Group

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... including enhancing the group's service offering, accelerating organic growth and potentially pursuing expansion through mergers and acquisitions. AZ NGA chief executive Paul Barrett said the deal provided an opportunity for the advisory firm to partner ...

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... Fiducian and the University of Sydney. It previously held several other super fund mandates, but many were the subject of mergers in recent years, like Maritime Super and Statewide Super. Another s ignificant loss was that of CareSuper in the first half ...

NGS Super chair to retire

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... director and became chair that same year. At the time, it had $4.4 billion and has since grown to $13 billion, partly through mergers with UC Super and QIEC Super. Shearman, who is also chair of the investment committee, will depart the fund at the end ...

Spirit Super farewells chair, names successor

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
... role following its merger with MTAA Super. Edwards' long list of achievements at Spirit Super include the successful mergers between Quadrant Super, Tasplan Super, RBF Fairbrothers Super and MTAA Super, and leading the growth of the fund from $1.5 ...

Life after legalsuper: Proebstl

ELIZABETH FRY  |  FRIDAY, 11 NOV 2022
... fixated on consolidation - CareSuper and Spirit Super are the latest to flag a merger - Proebstl says there are only so many mergers left to do. "Over the years, funds have used mergers to increase their scale. Funds have also used investment performance ...

CareSuper flags merger with Spirit Super

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
... executive Julie Lander said she was weighing merger partners with a goal of creating a $50 billion fund. "We are open to mergers as achieving more scale makes us a more competitive and sustainable fund and allows us to keep offering and developing our ...

Proebstl to leave legalsuper

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
... million to over $5 billion. It also now has more than 41,000 members. This growth was driven in large part by the seven mergers he oversaw in that time, creating the fund that it is today. Proebstl said it has been an honour and a privilege to work with ...