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Showing 1711 - 1720 of 4126 results for "Nov"

MLC announces new chief executive

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
National Australia Bank announced the new chief executive of MLC, who will take the reins on 1 September 2018. Geoff Lloyd will lead MLC after six years as chief executive and managing director of Perpetual. He will report directly to NAB chief executive ...

Fossil fuelled Ireland to divest for climate change

JAMIE WILLIAMSON  |  MONDAY, 16 JUL 2018
The Republic of Ireland looks set to become the world's first country to divest from fossil fuels. On July 12 lawmakers in the nation's Dail Eireann - the lower house of parliament - passed a bill requiring the Irish government to sell off any interests ...

Financial services executives in the money

JAMIE WILLIAMSON  |  FRIDAY, 13 JUL 2018
Following a highly successful IPO and 41% increase in funds under administration, the last 12 months has seen Netwealth's Michael and Matt Heine named among Australia's richest executives. Netwealth joint managing directors Michael and Matt Heine have ...

BetaShares hires institutional executive from BlackRock

KANIKA SOOD  |  TUESDAY, 10 JUL 2018
BetaShares has hired an executive from BlackRock's institutional sales team to fill a newly-created role. Dan Annan is joining the $5.6 billion exchange-traded product manager in the newly-created role of director - institutional business. He was ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
The financial services Royal Commission exposed more boiler room sales tactics of call centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing ...

Franklin Templeton appoints two distribution heads

KANIKA SOOD  |  WEDNESDAY, 4 JUL 2018
Franklin Templeton Investments Australia has made two key appointments to its distribution team. Colonial First State's national manager of strategy and implementation is moving to Franklin Templeton Investments (FTI). Amy Teh will serve as FTI's ...

ASIC takes financial planner to court

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
ASIC is taking a Queensland-based financial planner to the Supreme Court, after his licensee reported him to the corporate regulator. Brett Andrew Gordon operated a financial planning business, Refocus Financial Group on the Sunshine Coast. He held ...

Centrepoint bumps up advice litigation provision

KARREN VERGARA  |  MONDAY, 2 JUL 2018
Centrepoint Alliance flagged an increase in advice litigated claims is on the horizon for its subsidiary Professional Investment Services (PIS), quantifying the amount to be $2 million more than anticipated. Following its reassessment of PIS' legacy ...

CBA restructures executive leadership

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
Commonwealth Bank made a raft of changes to its executive lineup following the announcement of plans to demerge its wealth management business. Current chief risk officer David Cohen has been promoted to deputy chief executive, charged with leading ...

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
"In the current circumstances, members agreed that it was more likely that the next move in the cash rate would be up, rather than down." Reserve Bank of Australia governor Philip Lowe declared this in many of his recent speeches, the statement was ...