Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1841 - 1850 of 2385 results for "Citi"

Merger creates 18,500 adviser force

RUTH LIEW  |  TUESDAY, 2 JUN 2009
Morgan Stanley and Citi have given the go-ahead to the Morgan Stanley Smith Barney joint venture - a move that will create a global organisation with 18,500 advisers. The deal between Citi for Smith Barney and Morgan Stanley was closed last night. In ...

Legg Mason shuts down defensive trust

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
Legg Mason has closed its wholesale defensive trust, citing its FUM of less than $10 million made it impractical to continue offering the product. According to a May update of the fund, which has $9.5 million in funds under management, the fund manager ...

Westpac exec joins NAB Private Wealth

RUTH LIEW  |  MONDAY, 25 MAY 2009
Former Westpac Private Bank state manager Will Hamilton moves to NAB Private Wealth to become the division's general manager of wealth services. Hamilton, who will report to Angela Mentis, executive general manager of NAB Private Wealth, was previously ...

Amnesty pushes for fund review

MICHAEL HOBBS  |  THURSDAY, 14 MAY 2009
... Amnesty International's key concerns. "These steps do not achieve the original intent of our proposal, which is to ensure Citi's policies address risks related to its investments," said O'Meara in a statement. Amnesty International maintains Citi owns ...

What-if scenarios bring Budget blues

MICHELLE BALTAZAR  |  MONDAY, 11 MAY 2009
New restrictions to existing superannuation and tax concessions could help the Government slash the predicted budget deficit in the next few years but this could come at a higher cost to superannuants and taxpayers in the long term, industry experts ...

They will, they won't

BENJAMIN ONG  |  TUESDAY, 5 MAY 2009
It'll be another case of "will they, won't they" today as the Reserve Bank of Australia (RBA) holds its regular monthly Board meeting. Will they, won't they? The RBA lowered the country's official cash rate to an even 3 per cent last month. This represented ...

FPA recommends fee-for-service advice

MICHELLE BALTAZAR  |  FRIDAY, 1 MAY 2009
In a day that marks a new chapter in the financial services sector, the Financial Planning Association (FPA) has recommended to the government that the standard remuneration model for advice should be fee-for-service, citing that the "commission-based ...

FIIG hires fixed income AD

COMPANY RELEASE  |  FRIDAY, 1 MAY 2009
FIIG Securities appointed former Commonwealth Bank of Australia executive, Sheila Sall, to associate director. Sall previously worked at Commonwealth Bank of Australia as a global markets specialist and at Societe Generale in senior management and marketing ...

May sell or May stay

BENJAMIN ONG  |  FRIDAY, 1 MAY 2009
There is no doubt that today's media reports would - in one form or another - contain references to that old Wall Street adage, 'sell in May then go away'. Every time the fifth moon of the year is upon us, theories, studies and reports proving or disproving ...

Pockets of income in property

MICHELLE BALTAZAR  |  WEDNESDAY, 29 APR 2009
GDI Property Group notched a bargain when it purchased a CBD office centre known to Adelaide locals as the Black Stump - a landmark building that will underpin a new fund that promises a regular income distribution of at least 10 per cent per annum. ...