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Showing 161 - 170 of 689 results for "Mergers"

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 ...

Equipsuper investment chief on re-energising his team

ELIZABETH FRY  |  MONDAY, 7 NOV 2022
... competitive investment fees that we have been able to negotiate on behalf of our members. While we are certainly open to future mergers, for us it is about ensuring that any inorganic growth opportunity is done through the lens of what is in the best ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
... issues anytime soon." Discussing further the trend in consolidation, Cole said the regulator is positive that increased mergers mean members are "moving to better performing funds and better performing funds typically have higher investment returns and ...

Chief executives anticipate recession: KPMG

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... procedures considering geopolitical risk. Notwithstanding prevailing economic and geopolitical uncertainties, the appetite for mergers and acquisitions remains high. KPMG attributed this trend to higher interest rates and borrowing costs necessitating ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more considered mergers that make a difference for members rather than rushed mergers that suit the regulator. Watson believes that with a change ...

More consolidation is needed, says Diverger chief

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
... invest." In June, Diverger made a bid to acquire Centrepoint Alliance, but it fell through. Regardless, Jacobsen said that mergers and acquisitions are still well and truly part of its plan. "Mergers and acquisitions are on our agenda but we're not ...