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Showing 1761 - 1770 of 6679 results for "Sale"

Ironbark acquires firm, eyes instos

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Ironbark Asset Management has acquired a funds management servicing firm, as it aims to expand into the institutional market. The $20 billion Aussie asset management solutions provider, which currently focuses on wholesale clients, acquired 100% of ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... resulted in the impairment," Bouris said. He added that the firm is currently dealing with a number of tenderers for the sale/restructuring and outsourcing of the wealth business. "Again, the positive financial effect of this won't be booked until ...

Global fintech appoints head of Asia

KRISTI CHENG  |  FRIDAY, 30 AUG 2019
Switzerland-based fintech Avaloq has appointed a new head of Asia who will take the reins in October. Imad Abou-Haidar joins from London-headquartered software firm Finastra, where he was managing director for the Asia-Pacific region, based in Singapore. ...

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
About 60% of advice clients believe the removal of life risk commissions would increase underinsurance in Australia, latest research shows. That is a key finding of MetLife's second annual What Clients Want: 2019 MetLife Adviser/Client Research ...

Future Fund returns 11.5%, crosses $160bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Australia's sovereign wealth fund returned 11.5% in the year to June, with chair Peter Costello likening the returns to that of a "high growth" superannuation option but with much lower risk. The Future Fund now manages $162.6 billion, after adding ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
Managed accounts have the potential to create significant conflicts of interest and conflicted remuneration for advisers. According to Rainmaker data, 29% of the investment platform market in Australia is in managed accounts already and that number ...

Pension fund to buy British Steel

KANIKA SOOD  |  TUESDAY, 27 AUG 2019
... was forced into liquidation. British Steel granted Ataer Holdings A.S. detailed due diligence in mid-August ahead of a full sale. Ataer is the investment vehicle of Turkey's pension fund OYAK, which has US$19.3 billion in assets and acts as a "complementary" ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less 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 ...

Janus Henderson bolsters retail sales team

HARRISON WORLEY  |  FRIDAY, 23 AUG 2019
Janus Henderson Investors promoted from within to appoint a new sales director. Mark Fensom has joined Janus Henderson's sales leadership ranks as retail sales director for Victoria and Tasmania. Fensom - who has served at the global investment manager ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... entities. This includes the recommendation to ban the hawking of super products, such as the upselling of super along with the sale of bank products, she said. Industry Super Australia stressed that legislative reform should always be in the best interest ...