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Showing 201 - 210 of 6679 results for "Sale"

Australian Unity reveals profit turnaround

ELIZA BAVIN  |  FRIDAY, 29 AUG 2025
... transfer of its banking business to Bank Australia. This is expected to be complete in November 2025. It also announced the sale of Australian Unity Investments Limited (AUIL), the responsible entity of the Australian Unity Property Income Fund (PIF) ...

Perpetual flags 'uncertainty' over wealth management sale

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... in wealth management due to "uncertainty" surrounding its ownership. Despite the uncertainty, Perpetual said the proposed sale of the business continues to progress. The wealth management business saw a 5% drop in underlying profit before tax to $51.5 ...

Invesco sells intelliflo to Carlyle Group

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
Invesco will sell financial advice technology provider intelliflo to Carlyle Group for US$200 million. Carlyle will spin off intelliflo's US-based subsidiaries as a standalone business called RedBlack, to be run by a separate management team. intelliflo ...

Pacific Current FUM, earnings lower in FY25

KARREN VERGARA  |  TUESDAY, 26 AUG 2025
... sold Carlisle Management Company to NASDAQ-listed alternatives asset manager Abacus Life. Partial divestments include a 55% sale of its equity stake in Victoria Park Capital Advisors' (VPC) management company and 22% of 24.9% future carried interest ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... products are involved, SCA said lead generators generally exploit vulnerable people, undermine informed consent, drive the sale of unsuitable and poorly performing products, and facilitate and engage in misleading conduct. They also tend to add no value ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
New data shows a significant rise in the number of misconduct reports made to ASIC, with more than half of the complaints impacting retail investors. ASIC's half-year reports of misconduct data shows that there were 7561 reports of misconduct from 1 ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review into direct sale practices, "notable deficiencies" remain, the regulator expressed in a letter to chief executives. What has not improved are ...

DigiCo REIT names new chief executive, targets 30% growth

ELIZA BAVIN  |  MONDAY, 18 AUG 2025
HMC Capital's DigiCo REIT wants to have contracted IT capacity of 27MW by June 2026, representing 30% growth from June 2025 across the Australian business, as outlined in its FY25 results. This comes as Chris Maher has been named chief executive, taking ...

AMP recruits former SSGA sales manager

MICHELLE BALTAZAR  |  THURSDAY, 14 AUG 2025
AMP continues to expand its North platform business with the appointment of a top sales manager. Amanda Trenfield joins North as senior manager, asset consultant partnerships. Trenfield boasts over 20 years of experience in launching and supporting ...

Adamantem Capital buys IT provider from EQT

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
EQT is selling Nexon Asia Pacific, acquired via its EQT Mid-Market Asia III fund in 2019, to Adamantem Capital. The transaction fees were undisclosed, and it is pending customary conditions and approvals. Founded in 2000, Nexon is a digital and IT services ...