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GBST raids SS&C for APAC head

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... administration and advice solutions space, and a clear commitment to client delivery and success." At the same time, Hall said now is the perfect time for him to join GBST. "The strategic fit between my skills and the company's vision is compelling ...

ASIC files contempt orders against repeat offender

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... clients, which was followed with inappropriate advice. Fuoco was also fined a penalty of $650,000 for his involvement. ASIC now alleges that between March 2019 and April 2023, in contravention of these orders, Fuoco was involved in carrying on a financial ...

Vale Lang Walker

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... smooth transition to his executive team having been implemented early last year. "Extensive provisions and arrangements are now firmly in place to clearly define and govern the Group's future," Gallant said. Walker's beloved Kokomo Private Island ...

ASIC makes adviser exam changes

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... changes. Amendments to the exam were registered last week, following a consultation that wrapped up on January 10. ASIC has now also updated the relevant guidance. The exam will no longer feature short answer questions, only multiple-choice questions. ...

UBS welcomes head of wholesale

CHLOE WALKER  |  THURSDAY, 25 JAN 2024
... at BlackRock and worked in investment research at AMP. The head of wholesale role has remained vacant for just over a year now, following the departure of Marcus Cleary who had held it since 2021. Cleary joined UBS in 2014, initially taking on the role ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... long-term goals, even in the face of competitive and challenging market conditions. Homeownership may not be for everyone right now, so we need to be really clear about how these choices impact their long-term goals beyond just 'buying their first ...

500 jobs to be axed at abrdn

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... reflected in our year-end AUMA, flow numbers, and margins. The board and I are committed to taking these significant cost actions now to restore our core Investments business to a more acceptable level of profitability," abrdn chief executive Stephen ...

Insignia Financial touts strong start to FY24, simplification

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... Today Insignia confirmed it is to be led by Chris Weldon. He was previously Insignia's chief transformation officer, but will now oversee the professional services advice teams, advice enablement services, consumer and commercial marketing, and member ...

Super fund satisfaction improves: Roy Morgan

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... marginal increase of 0.2%. "UniSuper continues to be the superannuation fund with the highest customer satisfaction of all and is now just ahead of both CareSuper and HESTA," Levine said. However, despite the increase in recent months, the report found ...

VanEck to unveil private credit ETF

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... traditional banks, that is, the provision of debt capital to medium-sized companies and real estate. Australian investors will now be able to access this growing opportunity via an ETF on ASX." Most recently, VanEck launched three new AUD-hedged international ...