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Australian Unity to shed 195 roles

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... portfolio, costs and operating model, with a focus on becoming simpler and more efficient," a statement provided to Financial Standard read. "As part of this process, Australian Unity will reduce its workforce by 195 positions. "Importantly, these changes ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... recent action against Equity Trustees for allegedly failing to meet its trustee obligations and not act in members' best financial interests when onboarding the First Guardian Master Fund. "This is the second action we have taken against Equity Trustees ...

Canopy Investors shuts doors, winds up fund

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
... flagship Global Small & Mid Cap strategy. The Bennelong Funds Management boutique was launched in early 2023 by Magellan Financial Group veterans Kris Webster and Michael Poulsen. The Canopy Global Small & Mid Cap Fund aimed to deliver investors double-digit ...

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
Count Financial has reportedly wound up its restricted self-managed superannuation fund (SMSF)/limited-advice service, losing some 26 advisers on the Financial Adviser Register (FAR), latest data shows. Padua WealthData's weekly adviser update shows ...

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million. The ASX-listed wealth firm said BMO made the confidential, non-binding and conditional proposal to ...

Perpetual acquires majority stake in Interfi

VINNY VUCAGO  |  FRIDAY, 5 JUN 2026
... strengthen the digital capabilities of its Corporate Trust business while continuing to reduce debt. The ASX-listed financial services group said the transaction aligns with its strategy to grow Corporate Trust and expand its Digital and Markets division ...

First Super recruits head of investments from Prime Super

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... roles at other super funds, including Media Super, LUCRF Super, and Kinetic Super. He also has experience at various financial institutions like UBS, Goldman Sachs, JBWere, ANZ Global Wealth, and more. More recently, he was chief investment officer at ...

Family office succession takes back seat to investments

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
... UBS Global Family Office Report. Among the 307 participants, strategic asset allocation, portfolio risk management and financial reporting are most often handled internally, keeping core decision-making and oversight within the organisation. Investment ...

TAL appoints two new board members

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... the board, following her significant contribution as an independent non-executive director. Mentis brings 37 years of financial services experience to the board, including as managing director and chief executive of Bank of New Zealand (BNZ), group executive ...

ASX sees trade volumes soar in May

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
... to its May monthly activity report, ASX reported a 31% increase in total trades, representing a 42% increase in the financial year to the end of the month. It also saw a 37% increase in average daily trades of over 2.6 million transactions, compared ...
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