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Acquisition to create APAC real assets heavyweight

JAMIE WILLIAMSON  |  FRIDAY, 6 AUG 2021
... will rollover their ownership interest into ESR. Completion of the deal is expected at the end of this year or beginning of next. ARA Asset Management's subsidiary LOGOS was recently part of a consortium alongside AustralianSuper and TCorp that acquired ...

New shareholder at Crescent Wealth

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... share the same values and a passion for ethical investing. I look forward to working with the Crescent Group team over the next many, many years," he said. Crescent Wealth managing director Talal Yassine also announced two departures from the board - ...

BNK partners with Goldman Sachs

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... extremely thorough and rigorous process which has helped us establish that BNK is ready for the securitisation markets and the next stage of growth." BNK Banking Corporation has two businesses: banking and mortgage broking aggregation. In April, it announced ...

Australia's first Filecoin fund launches

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... marketplace. In launching the fund, Holon pointed to research which predicts the amount of digital data created over the next five years will be greater than twice the amount of data created since the advent of digital storage and experiencing a compound ...

Centrepoint names chief executive

KARREN VERGARA  |  WEDNESDAY, 4 AUG 2021
... strengthening our licensee services through a period of significant industry change. John will lead the company through our next phase of growth as we focus on expanding our service offering and digitising key services." As a provider of advice and business ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... there's a probability of about two-thirds failing again the following APRA will continue to publish its heatmaps with the next one out in November and will include Choice products (which are not subject to the YFYS performance test despite Labor's ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... be a temporary dislocation which is just a product of the pace of new entrants, so it may correct itself... But over the next five years, I think we certainly do have an accessibility issue," Jacobsen said. When the discussion turned to remuneration ...

T. Rowe Price names chief executive

ANNABELLE DICKSON  |  FRIDAY, 30 JUL 2021
... testament to the confidence we have in him as a steward of our culture and the right leader to guide T. Rowe Price through its next chapter of growth," T.Rowe Price lead independent director Alan D. Wilson said. "He is broadly respected and admired by ...

AustralianSuper appoints head of private credit

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
AustralianSuper wants to triple its investment in private credit to $15 billion in next three years, as it announces a new head for the asset class. The fund has promoted Nick Ward to head of private credit. He was previously a senior portfolio manager. ...

IOOF buys $68m retail property

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
... Colyton, and the broader Blacktown Local Government Area, where the population is expected to grow at 2.8% p.a. over the next five years. IOOF head of property Simon Gross said the acquisition is its 19th retail property. "While some segments of the ...