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Showing 1801 - 1810 of 5515 results for "September 2005"

UBS restructures global wealth arms

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
UBS is merging its global wealth units as part of a $3 trillion restructure. The newly formed Global Wealth Management (GWM) division will be co-led by Tom Naratil and Martin Blessing as presidents. Blessing was appointed president of wealth management ...

MetLife awards $11bn custody mandate

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
MetLife Australia is included among a $10.9 billion custody mandate awarded by its global parent across three key Asia Pacific markets. The US-based life insurer awarded the US$8.7 billion ($10.9 billion) custody mandate to HSBC Securities Services. ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is calling for submissions ahead of its first hearing on Monday, 12 February 2018. The initial public hearing, which will see the Commissioner and Senior ...

Industry fund cuts life premiums, renews insurer

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
An $11 billion industry superannuation is reducing its life and total and permanent disability (TPD) insurance premiums for younger members by as much as 50%. MTAA Super recently renewed its long-standing partnership with MetLife to June 2020. The pair ...

Former Macquarie executive director joins listed property firm

ALEX BURKE  |  THURSDAY, 18 JAN 2018
A former executive director at Macquarie Asset Management will become the managing director of an ASX-listed property group in July. Steven Sewell joined Abacus Property Group in September last year as chief investment officer and head of strategy. ...

Wealth technology firm acquired for $6.8bn

DARREN SNYDER  |  THURSDAY, 18 JAN 2018
US investment and financial services software provider SS&C will pay about $6.8 billion to acquire a global technology outsourcing specialist with operations and institutional clients in Australia. SS&C will purchase DST Systems with an all-cash transaction ...

Chief economist update: Consumers don't spend on confidence alone

BENJAMIN ONG  |  THURSDAY, 18 JAN 2018
"Sentiment has continued to recover from the weakness seen in the September quarter last year, bolstered by a less threatening outlook for interest rates and improving confidence around the economy and jobs. While the mood is 'cautiously optimistic' ...

Two FSC senior policy managers depart

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
Two senior policy managers at the Financial Services Council will depart from their roles in mid-February. Carla Hoorweg developed public policy for investment, technology and innovation, while Blake Briggs led policy development and government relations ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
Echoing BOJ Governor Haruhiko Kuroda's quick push back on taper speculations, Deutsche Bundesbank president and ECB governing council member Jens Weidmann used his speech at the Ludwig-Erhard Summit in Bavaria to do the same. Like Kuroda, Weidmann's ...

AMP Capital adds key social infrastructure asset

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
AMP Capital acquired a 21% stake in a $1 billion dedicated cancer research and treatment facility on behalf of investors in its Community Infrastructure Fund. The Victorian Comprehensive Cancer Centre (VCCC) operates as a public-private partnership ...