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Showing 1 - 10 of 4134 results for "Nov"

HSBC Australia sells $36b retail loan book to Blackstone

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
HSBC Australia will sell its portfolio of local home loans and personal loans valued at $36 billion to Blackstone. The sale is expected to complete in the first half of 2027, subject to regulatory approval. The remainder of HSBC Australia's retail ...

Apex Group head of super to depart

MATTHEW WAI  |  TUESDAY, 28 JUL 2026
Apex Group managing director for superannuation will leave his post in September, joining its technology partner in a C-suite capacity. Andrew Griffiioen is set to leave the company after overseeing its super business for more than four years, joining ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
ASIC banned two former NextGen Financial Group directors from working in financial services for three years for failing to comply with Australian Financial Complaints Authority (AFCA) determinations. Nicholas Duncan Jeremy Brookes and Vittorio Vincenzo ...

Macquarie chief to step down after eight years at the helm

MATTHEW WAI  |  THURSDAY, 23 JUL 2026
After nearly four decades at Macquarie, chief executive and managing director Shemara Wikramanayake will retire from the role in November. Current head of banking and financial services Greg Ward has been named as Wikramanayake's successor, effective ...

Middle East conflict, inflation continues to weigh on confidence

MATTHEW WAI  |  WEDNESDAY, 22 JUL 2026
Although consumer confidence has increased slightly according to ANZ's index, weaker personal finance and the economic outlook continue to halt confidence. The ANZ-Roy Morgan Australian Consumer Confidence index rose just 0.3 points to 75.6 in the week ...

Netwealth posts record FUA as managed accounts top $30bn

VINNY VUCAGO  |  THURSDAY, 16 JUL 2026
Netwealth has capped off another record year, growing funds under administration (FUA) to $135.7 billion as strong adviser inflows and improving markets offset elevated withdrawals from a handful of ultra-high-net-worth clients. The wealth platform ...

FAAA names new chair as David Sharpe prepares to step down

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
The Financial Advice Association Australia (FAAA) has appointed named its chair-elect following a board election process. Michelle Veitch will officially assume the role of chair after the 2026 Annual General Meeting (AGM) in November, succeeding current ...

Super funds to reap returns from $2.2bn biotech exit

RIDDHIMA TALWANI  |  TUESDAY, 7 JUL 2026
Brandon Capital, a life sciences venture capital firm has exited from its investment in Myricx Bio, following its agreement to be acquired by Novartis for US$1.5 billion ($2.2bn). The exit will generate a significant return for investors, Brandon Capital ...

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
The Compensation Scheme of Last Resort (CSLR) has increased the estimated FY27 levy to be paid by the financial services sector to $198.1 million, a $60.7 million increase from its initial estimate announced in November 2025. The latest update expects ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
Financial adviser Christian Henry has scored a partial win in reducing ASIC's five-year ban on providing personal financial advice to three years upon appeal. Henry was initially banned by ASIC while he worked at MWL Financial Services over advice ...
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