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Showing 191 - 200 of 302 results for "Divestment"

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
... disruption to our customers during the transition." The "simplification" George mentioned refers to ANZ's previous divestment of its OnePath pension and investments business, along with four aligned dealer groups, to IOOF, as announced in October. IOOF ...

CountPlus appoints CFO after executive search

ALEX BURKE  |  THURSDAY, 23 NOV 2017
After former chief financial officer John Collier resigned from CountPlus in August, the accounting and wealth firm has confirmed his replacement. Laurent Toussaint will join CountPlus in January; acting chief financial officer will operate in the role ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
... enormity of the task. But ultimately the goal of it is to give your investors confidence." Finally, referencing Westpac's divestment from BTIM, Gonzalez said that it's been business as usual. "Westpac has always been very supportive as a shareholder. ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... get through it as a cyclical thing but now they realise it's quite fundamental," Medcraft said. He said following the divestment of funds management, wealth management and insurance businesses the banks will face several challenges. "The big challenge ...

Countplus flags divestments, appoints two principals

ALEX BURKE  |  TUESDAY, 10 OCT 2017
Countplus provided an update on its divestments in underlying member firms at the same time as appointing two new managing principals. The ASX-listed diversified wealth management group noted that a member firm, Twomeys, underwent a restructure with ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... expected to be received by CBA, subject to the timing of completion, business performance and regulatory approvals. The divestment is anticipated to release about $3 billion of common equity tier 1 capital and result in a pro forma uplift to the banking ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... channels," CBA said the outcome of these discussions is currently uncertain. The discussions could result in a total divestment of the business, but "a full range of alternatives" would also be considered, including retaining CommInsure or implementing ...

Responsible AUM strengthens

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
... 36% year-on-year. "While recent conversations dominating this sector have been predominately focused on fossil fuel divestment, the report shows an increase in negative screening across the market, particularly against weapons, tobacco, gambling, as ...

Major US pension fund divests Australian coal

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... funds will start to shake them out of their current torpor." Gocher also called out investors who cite engagement over divestment, noting that the policy lacks tangible effect. "Australian investors often fall back on the excuse that engaging with coal ...