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

Search Results

Showing 1951 - 1960 of 2817 results for "Division"

Industry could face another inquiry

RUTH LIEW  |  TUESDAY, 26 OCT 2010
Shadow Treasurer Joe Hockey has called for an in-depth review of the Australian financial system and competition among the big four banks - a move that could trigger another inquiry involving Australia's trillion dollar superannuation industry. Media ...

Singapore makes $8.4bn grab for ASX

JOHN MCDULING  |  MONDAY, 25 OCT 2010
The Singapore stock exchange, SGX, has made an $8.4 billion bid for the ASX - a move that could see Australia's major exchange become a mere divisional office to Singapore's, if the deal receives regulatory approval. Australian Securities Exchange shareholders ...

Perpetual Private Wealth targets growth

RUTH LIEW  |  FRIDAY, 22 OCT 2010
... Wealth's average FUA increased 22 per cent year-on-year to 30 June, to $8.3 billion, notes the firm's annual report. The division's revenue increased by nearly $26 million to $111.6 million, up 30 per cent up from the prior year. Earlier this week, Perpetual ...

Mixed results for US industry giants

JOHN MCDULING  |  THURSDAY, 21 OCT 2010
... Barney, reported net new assets of US $5.0 billion for the quarter, pushing total client assets up to US$1.6 trillion. The division's 18,000 plus global representatives achieved average annualized revenue of $686,000 and total client assets of $88 million ...

Zurich sales head joins Perpetual

RUTH LIEW  |  MONDAY, 18 OCT 2010
... Perpetual in August from BT where he was general manager of advice. Langton joins at a time when Perpetual's private wealth division continues to grow in funds under advice and through business acquisitions. According to the firm's 2010 annual report ...

Asset management boosts JPMorgan Q3 earnings

JOHN MCDULING  |  THURSDAY, 14 OCT 2010
... overnight, the first of the major US investment houses to report third quarter earnings. The company's asset management division recorded net income of US$420 million, about 10 percent of the group's total, and a near 7 per cent increase on the prior ...

More US investment banks close prop desks

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
... New York Times revealed that JPMorgan was moving its proprietary trading desks to a unit within its asset management division, Bank of America confirmed plans to lay off up to 30 proprietary traders yesterday. The JPMorgan traders are expected to form ...

US insurer postpones IPO

JOHN MCDULING  |  THURSDAY, 30 SEP 2010
... receiving appropriate value for the business." The company was seeking to raise more than US$1 billion in the offering. The division is the second largest writer of property and casualty insurance distributed through independent agencies, and the tenth ...

Market Wrap - Midday

JOHN MCDULING  |  MONDAY, 27 SEP 2010
... index futures contract was 74 points higher at 4694 points on a volume of 16,991 contracts. Macquarie Private Wealth division director Lucinda Chan said the Asian markets had opened strongly following robust Wall Street gains on Friday and record-high ...

Hedge fund adviser gets $2.7m fine

RUTH LIEW  |  FRIDAY, 24 SEP 2010
... Rule 105 when short selling takes place during a restricted period," said Antonia Chion, associate director of the SEC's Division of Enforcement. "This is true even when the portfolio managers have different investment approaches and generally make their ...