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Challenger flags new Fidante partnership, record profit

ALEX BURKE  |  TUESDAY, 13 FEB 2018
In its 2018 first-half results, Challenger highlighted a new European boutique partnership for subsidiary Fidante Partners along with record normalised profit. Challenger explained that Fidante Europe has formed a partnership with US-based specialist ...

AAT issues stay on Poidevin appeal to ASIC ban

JAMIE WILLIAMSON  |  FRIDAY, 9 FEB 2018
The Administrative Appeals Tribunal has issued a stay on the banning order against a Bell Potter executive. On 29 November 2017, ASIC banned Bell Potter managing director of corporate broking, Simon Poidevin, for a period of five years. The regulator ...

Former QIC director joins FIIG

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
FIIG Securities has appointed a former QIC director to help the fixed income specialist's growth and direction. Stephen Mackie joins FIIG Securities' Brisbane office as the director of fixed income. He joins from QIC where he was a director and an investment ...

Perennial appoints institutional sales lead

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2018
Perennial Value Management and Daintree Capital are welcoming a new head of institutional sales. Dan Birch will lead the fund manager's institutional sales division, responsible for marketing and selling Perennial's equity and risk management product ...

Boutique fund manager adds to distribution team

KARREN VERGARA  |  THURSDAY, 8 FEB 2018
A boutique asset manager is expanding its distribution team after its flagship fund hit the $100 million milestone. Melbourne-based PAN-Tribal Asset Management has hired experienced sales professional Nick Baring to its key accounts team. Baring will ...

Chief economist update: RBA to lift rates after 2018

BENJAMIN ONG  |  THURSDAY, 8 FEB 2018
Now we've seen it all - the "most hated bull market in history" and the "most widely-expected correction." To wax pedantic about this, the Dow and the S&P 500's big drop on the 5 February 2018 does not even fit the technical definition of a correction ...

Chief economist update: This time is different

BENJAMIN ONG  |  WEDNESDAY, 7 FEB 2018
"It's murder on the dance floor. You'd better not kill the groove..." - Sophie Ellis-Bextor. "Stock Market Loser Kills Brokerage Manager, Self in Shooting Rampage". This was Los Angeles Times' headline reporting about an investor going into Merrill ...

Former Suncorp executive joins Freedom Insurance

KARREN VERGARA  |  TUESDAY, 6 FEB 2018
Freedom Insurance Group has appointed an insurance expert to a newly-created chief operating officer role. Craig Orton, whose experience spans life, general, reinsurance and health insurance, joins Freedom Insurance from Suncorp, where he was executive ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
ClearView has stopped selling life insurance direct to consumers and will refund $1.5 million to thousands of customers as a result of poor sales practices. An ASIC review found ClearView staff used unfair and high pressure sales tactics when selling ...

Chief economist update: Wall Street wails on inflation indications

BENJAMIN ONG  |  MONDAY, 5 FEB 2018
"Be careful what you wish for." It's a well-known truism in the current economic cycle that the world's major central banks (the BOE excluded) have been wishin' and hopin' and thinkin' and prayin' for inflation to climb to their target rates. It appears ...