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Showing 161 - 170 of 400 results for "Rena"

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
IOOF has announced new leadership following the fallout from the Royal Commission, with managing director Chris Kelaher to leave the embattled wealth firm. Allan Griffiths has been named IOOF's new independent, non-executive chair. He has been acting ...

Former Arnhem partners join boutiques

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
Two former partners of Arnhem Investment Management have joined boutiques following news of its closure. Theo Maas finished up at Arnhem last September after serving as a partner and portfolio manager for the Arnhem Global Growth SMA capability for ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
IOOF's bottom line will take a hit from the newly legislated Protecting Your Super package and the proposed removal of grandfathered commissions. Acting chief executive Renato Mota and chief financial officer David Coulter told an investor briefing ...

Bill Gross announces retirement

JAMIE WILLIAMSON  |  TUESDAY, 5 FEB 2019
After more than 40 years in fixed income, Bill Gross is retiring to focus on managing his personal assets and private charitable foundation. Janus Henderson has announced the retirement of Gross, who joined the global asset manager in 2014, then Janus ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
IOOF recorded net outflows of $481 million in its financial advice and funds management businesses during the final quarter of 2018. The advice business suffered $295 million of net outflows despite completing the transition of 661 former ANZ-aligned ...

Link sells a slice of $1.5 billion acquisition

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
Link Group is selling a part of a business it acquired for $1.5 billion in 2017, with the proceeds going to pay down debt. The ASX-listed company has entered a binding agreement to sell its corporate and private clients (CPCS) business to Apex Group ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be ...

IOOF future uncertain: Morningstar

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
The planned sale of ANZ Wealth to IOOF is under threat as a result of the uncompromising action of APRA. As such, Morningstar has placed the stock IOOF Holdings under review. Morningstar described the action brought against IOOF by APRA as a major hit ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
IOOF has appointed an acting chief executive and an acting chair, with Chris Kelaher and George Venardos under scrutiny. According to a statement, managing director Kelaher and chair Venardos have agreed to step aside while they await the outcome of ...