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Showing 2111 - 2120 of 4839 results for "EAC"

HSBC cops historic fine for Lehman-linked failures

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2017
The Hong Kong branch of HSBC's private banking division was fined a record HK$400 million (AU$67 million) for material systemic failures in the lead up to the GFC. Hong Kong's Securities and Futures Appeals Tribunal upheld the Securities and Futures ...

Former J.P. Morgan chief joins Future Fund

KARREN VERGARA  |  TUESDAY, 21 NOV 2017
The Future Fund appointed a former J.P. Morgan chief executive to its board. Robert Priestley joins the sovereign wealth fund's Board of Guardians, replacing Steven Harker who completed his five-year term. Priestley was the chief executive of J.P. Morgan ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
NAB and ANZ will pay ASIC $20 million each to cover investigation costs over the banks' participation in the setting of the bank bill swap rate (BBSW). On November 10, the Federal Court ruled that both banks had attempted to engage in "unconscionable ...

Global manager receives makeover

JAMIE WILLIAMSON  |  TUESDAY, 21 NOV 2017
One of the world's largest asset managers is rebranding, changing its name and launching a new platform and research division. Natixis Global Asset Management has changed its name to Natixis Investment Managers in greater acknowledgement of its multi-affiliate ...

Netwealth lists on ASX

JAMIE WILLIAMSON, MICHELLE BALTAZAR  |  MONDAY, 20 NOV 2017
Netwealth was admitted to the ASX's official list following its successful initial public offering. Debuting on the ASX at midday, Netwealth's fully paid ordinary shares commenced trading on a conditional and deferred settlement basis with normal trading ...

SuperFriend welcomes new director

EMMA RAPAPORT  |  FRIDAY, 17 NOV 2017
A mental health foundation that works with profit-to-member superannuation funds has appointed its first independent, non-executive director to the board. Megan Bonny joins SuperFriend with more than 20 years' experience in managing communications and ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

Global manager to merge key investment firms

JAMIE WILLIAMSON  |  TUESDAY, 14 NOV 2017
The world's largest multi-boutique asset manager is consolidating three of its biggest US investment managers to create a specialist AU$733 billion multi-asset manager. BNY Mellon Investment Management has announced that Mellon Capital Management, Standish ...

ASIC appoints former AFA chief

ALEX BURKE  |  MONDAY, 13 NOV 2017
ASIC has named the 18 members of its Financial Services and Credit Panel (FSCP), including the former chief executive of the Association of Financial Advisers. Brad Fox will join the FSCP along with Annette Spencer, Bruce Debenham, Calvert Duffy, Christina ...

Planners divided on mental health advice

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
Mental health is an issue growing across Australia and the financial services industry is responding. AMP recently refreshed its mental health training program for financial advisers and the content now exceeds the minimum standards set by the Financial ...