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Showing 1811 - 1820 of 6248 results for "December 2002"

New NAB chief start date announced

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
NAB has announced Ross McEwan will take the reins as the group's new chief executive before the year's end. Ross McEwan will step down from his role as chief executive of the Royal Bank of Scotland on October 31 and commence as chief of NAB onDecember ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interests First super reforms passed through the Senate yesterday. The Senate passed ...

Brett Himbury's next innings

KANIKA SOOD  |  FRIDAY, 20 SEP 2019
IFM Investors chief executive will only be 57 when he retires in December next year, but he says the time is right. The company announced Himbury's intention to retire yesterday morning, after 10 years at the industry-fund-owned manager which has ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

IFM Investors boss to retire

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is retiring after a decade in the role in a surprise announcement made this morning. Himbury will retire from executive roles effective December 2020. IFM Investors ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
Two down, none to go! There was division at the Fed - one official wanted a 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't ...

AllianceBernstein wins industry fund mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
An $11 billion industry fund will become the first super fund to invest in a low-carbon portfolio designed by AllianceBernstein. NGS Super has invested $170 million in AllianceBernstein's Managed Volatility Equities Fund Green strategy, known as ...

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after his fund ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... Merrill Lynch is less sanguine, projecting three rate cuts of 25 basis points each this year - in September, October and December - before holding steady for the rest of next year. The Fed doesn't have to chop interest rates by another two or three ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
The Global Financial Crisis of 2008 gave birth to "non-conventional monetary policy" - where many developed country central banks lowered interest rates to zero/negative and/or engaged in quantitative easing. While these prevented the "Great Recession" ...