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New mining head at Goldman Sachs

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
Goldman Sachs has a new head of metals and mining for Australia and New Zealand. Gavi Friedland steps into the role, an internal promotion from the firm's Melbourne office. He has been with Goldman Sachs since 2009, when he joined its Johannesburg office ...

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... discharge their roles. Schroeder was director, chief executive, responsible manager and a key person for Spectrum - once home to close to 100 advisers. Spectrum was the subsidiary of the now-defunct Freedom Insurance Group. It closed in 2019 when it ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... Mercer senior partner David Knox commented: "We know that closing the gender pension gap is an enormous challenge given the close link of the pension to employment and income patterns. But, with poverty among the aged more common for women, we can't ...

Greater diversity needed outside ASX 200: Analysis

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
Close to 100% of the companies in the ASX 200-500 are led by men, with the pipeline to leadership roles also dominated by men, according to new research. Talent Search Haus, an executive recruitment firm based in Sydney, analysed the leadership teams ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... a 50/50 split between profit and loss making CFD clients, compared to only 36% making profits in the year prior. Margin close-outs, where a retail client's CFD positions are closed before all or most of the client's investment is lost, also decreased ...

IFM partially acquires energy company

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
The IFM Global Infrastructure Fund will take a €2 billion stake in Naturgy Energy Group, a Spanish multinational natural gas and electrical energy utilities company. The fund, advised by IFM Investors, will shortly complete its all-cash voluntary ...

Maple-Brown Abbott hires for new strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 OCT 2021
... [global emerging markets] is a natural fit for our business," she said. The boutique has been managing Asian equities for close to 20 years now. "Adding specialist GEM expertise will allow us to broaden our offering to investors, in an asset class where ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
Commonwealth Bank finalised its three-year action plan by implementing recommendations from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. ...

IOOF restructures technology division

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
Following the completion of the acquisition of MLC, IOOF shifted the responsibilities of technology which has led to the departure of its chief information officer. Sharam Hekmat held the position for nearly five years and was responsible for managing ...

Advice on ageing key to future success: CFPs

JAMIE WILLIAMSON  |  THURSDAY, 7 OCT 2021
Knowing more about financial issues related to ageing will ensure success for financial advisers in the years to come, according to more than half of all CFP professionals. The Financial Planning Standards Board recently surveyed 4250 certified financial ...