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Showing 1 - 10 of 12117 results for "member"

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... impact of raising the thresholds," the AIC said. A potential hike in the net asset test to $4.5 million will see one AIC member lose nearly half of their investor base, while another will eradicate nearly all their investors and wipe out half of the ...

Cromwell gets $457m for European funds platform

JAMIE WILLIAMSON  |  THURSDAY, 23 MAY 2024
Cromwell Property Group is selling its European fund management platform, including its Italy Urban Logistics Fund and European REIT, to Stoneweg. Cromwell said the transaction, which is valued at $457 million, is a part of its broader strategy to simplify ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing. Northern Trust won the mandate to provide asset servicing solutions that include global custody, fund administration and portfolio analytics. It replaces ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back. In a joint statement, the super funds announced that their merger to form TEAM Super has been rescheduled from early 2024 to early 2025. ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
The Nissan Superannuation Plan will be wound up on July 31, almost 50 years on from its creation. The Nissan Superannuation Plan was created in 1977 to house the retirement savings of the car manufacturer's employees. It's existed in its current form ...

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... strategy and corporate development for about a year thereafter. In the newly created role, Stevens reports to group executive, member growth Steve Travis and is responsible for positioning Aware Super as "the merger partner of choice" for the super industry. ...

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... Services, said it marks a major milestone for the group and "sets the stage for a transformative journey." "In becoming a member of MUFG, we have secured the backing and scale to strengthen and grow our already market-leading positions, serving some ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... in independent directors." "They are proposing changes to the Managing Director/CEO role and are proposing that a family member, Mr Brent Jones, becomes the only executive director of your Company. They are proposing significant changes to the business ...

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... and portfolio manager for several hedge fund partnerships, where he gained direct investing expertise. Chan is a board member of the Toigo Foundation, co-chair and board member of the Institutional Investors Roundtable, and serves on the Milken Institute's ...
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