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Showing 211 - 220 of 364 results for "divestment"

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... lineup. Jason Yetton will depart in early January 2020 after just over 12 months in the role. To date, Yetton oversaw the divestment of Count Financial and remediation for wealth clients, and CBA said it is on track to divest aligned advice businesses ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
IOOF has reported $133 million in quarterly net outflows from its financial advice and investment management businesses for the 3 months to 30 September. The Financial Advice division had $33 million of net inflows compared to $119 million of net inflows ...

IOOF divests Perennial Value

ELIZABETH MCARTHUR  |  FRIDAY, 11 OCT 2019
... loss on the sale and sale proceeds themselves are not material to IOOF. IOOF chief executive Renato Mota said: "The divestment of our investment in PVM allows us to focus on our core wealth management capabilities." "We are committed to our advice - ...

MLC Wealth appoints chief operating officer

KRISTI CHENG  |  FRIDAY, 30 AUG 2019
MLC Wealth has appointed a new chief operating officer from Westpac, who took the reins in mid-August. Anthony Lane joined MLC Wealth after nearly five years at Westpac subsidiary BT Financial Group, where he served as chief operating officer of BT ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing an "extended period of uncertainty" as a result of pending foreign regulatory ...

Platform provider divests advice firm

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... which time McGregor stepped down as director. Financial Standard understands he is still employed by GPS Wealth. The divestment comes as a result of a request by McGregor to buy back the Xplore shareholding in his firm. Xplore said the divestment is ...

New tax-effective Aussie shares fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
... taking into account the tax implications while executing each trade during a portfolio rebalance, stock additions and divestment and fund redemption. The fund tracks the price it bought a holding at and actively calculates the capital gains tax it may ...

Super fund divests companies with all-male boards

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... inequality in super balances - after all, our members could very well be employees of these companies." Future Super's divestment announcement comes as the Australian Council of Superannuation Investors calls for more ESG integration and gender diversity ...

Pension fund giant cuts BHP

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... ambition is to send a strong signal on the urgency of transitioning from fossil fuel to renewable energy sources. Through divestment and active ownership, KLP intends to send a clear market signal to producers, distributors and users of energy," it said. ...