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Showing 1781 - 1790 of 22130 results for "Tim"

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... in this case and that whatever penalty would be necessary for specific deterrence is comfortably within that $27 million," Tim Begbie KC told the court. Justice Lisa Hespe agreed the contraventions were serious and that there was a concern about the ...

New shareholder, governance services firm enters market

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The firm aims to navigate Australian companies through the complex landscape of investor expectations and corporate governance, it said. Founded by Marc Stanghieri, the former head of mergers and acquisitions at Morrow Sodali, PGS Advisers plans to ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ...

Netwealth FUA soars, names new chief financial officer

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
Netwealth has reported a record quarterly increase in funds under administration (FUA) of $7.4 billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive ...

Iress rejigs leadership team

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
Iress has promoted from within to fill a new deputy chief executive role, to allow chief executive Marcus Price to focus more on strategic growth opportunities. It comes as the group also loses the co-founder of Xplan. The financial software and data ...

Ares buys GCP International in $5.5bn deal

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
Ares Management Corporation will acquire the international business of GLP Capital Partners and certain affiliates, boosting its assets under management (AUM) by $65 billion (US$44bn). The business, known as GCP International, is being bought for $5.5 ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
AustralianSuper has changed the way it invests deceased members' funds and refreshed the investment objectives for two options. As of October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's ...

Vale Todd Guyot

MATTHEW WAI  |  WEDNESDAY, 9 OCT 2024
Todd Guyot, the portfolio manager of Regal Funds Management, has passed away. Regal chief investment officer Phil King paid tribute to Guyot, who died suddenly over the weekend. "Todd was a terrific investor, an even greater person, and a cherished ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
Charges against a former Macquarie financial adviser, including five counts of fraud, have been dropped. The Brisbane Magistrate's Court dismissed all 27 charges laid against Warren Scott Acworth on October 3 after the Commonwealth Director of Public ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
Pride Advice has acquired two firms, flagging there is more "room for growth to come." The acquisitions of Adelaide-based Flexible Lifestyle Solutions and Serious Money have expanded Pride Advice's team from four to 11 advisers and to 30 supporting ...