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Australian crypto platform collapses

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
Australian crypto trading platform myCryptoWallet is in liquidation, with investor money trapped. Launched in 2017, myCryptoWallet marketed itself as "Australia's most advanced digital currency solution" with zero fees. On 3 December 2021, it was resolved ...

Goldman Sachs backs disability housing scheme in $137m deal

CHLOE WALKER  |  MONDAY, 6 DEC 2021
Disability housing investor Synergis has today announced that Goldman Sachs Asset Management will become a key investor in the platform, as it targets total equity deployment of at least $137 million. Rental income in the niche specialist disability ...

AMP North further expands menu

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
AMP's platform North made 20 investment options available in December. One dozen sustainability and eight technology-themed options are now available to financial advisers. The technology-themed options reflect growing appetite among advisers and ...

AMP Capital secures major ATO lease

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... AMP head of real estate Kylie O'Connor said AMP is delighted to welcome the ATO to 255 George Street and to have delivered close to full occupancy to AWOF investors ahead of schedule. "In the current environment, this lease demonstrates that quality ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... out a consistent, transparent and enforceable framework, APRA will be better able to strengthen crisis preparedness and close those gaps," Lonsdale said. APRA will further consult on guidance material next year, while this consultation closes on 29 April ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
Out of (South) Africa Just when citizens of Planet Earth were beginning to enjoy their new-found freedom - through herd immunity, increased vaccinations and/or learning to live with Delta - comes a new kid in town. And it's name is Omicron. The discovery ...

CCIV legislation introduced

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The Corporate Collective Investment Vehicle (CCIV) regime is back on the agenda, with the government introducing legislation to attract more foreign investment yesterday. Under the regime fund managers will be able to use a corporate structure with ...

Citi Australia wins custody mandate

ELIZABETH MCARTHUR  |  FRIDAY, 26 NOV 2021
Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business. The South Korea based fund manager said Citi was selected for its international and ...

Link enters UK pension market

ANNABELLE DICKSON  |  THURSDAY, 25 NOV 2021
... also remove complexity and will allow providers' back office to focus on member experience. Link Group currently supports close to one million members in the UK and plans to expand this over the next financial year. "Link Group has been at the heart ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
The corporate regulator concluded its investigation of the ASX market outage and imposed conditions to mitigate risks for future upgrades. Conditions have been imposed on the market licence of ASX Limited, and the clearing and facility licence of ASX ...