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| | | Lazard's Select Australian Equity Fund has hired a new investment analyst, while a co-portfolio manager transitions away from the role. The $125 million fund has been co-managed by Rob Osborne, Phillip Hofflin, Warryn Robertson and Aaron Binsted ... |
| | | | AMP has reported the extent of the remuneration awarded to former AMP Capital boss Boe Pahari in the 53 days he led the business. As outlined in AMP's annual report, Pahari was paid $376,000 in cash payments. While he was not entitled to a short-term ... |
| | | | Yarra Capital and Nikko Asset Management announced that they have entered into a binding agreement through which Yarra will acquire Nikko AM's Australian business and bring back the Tyndall name. Under the terms of the agreement, Yarra will assume ... |
| | | | After backing out of its bid to acquire AMP, Ares Management has announced it is pursuing a joint venture with AMP and taking control of AMP Capital's private markets business. In the joint venture, Ares will assume the management control of the ... |
| | | | Global asset manager Aviva Investors has appointed a new chief investment officer to its $84.4 billion real assets business. Daniel McHugh has been appointed, reporting to former chief investment officer Mark Versey who has now stepped up to the role ... |
| | | | With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ... |
| | | | Ares Management has backed out of its acquisition proposal with AMP saying its strategy for its Australia and New Zealand wealth management businesses is likely to be the optimal way forward. The announcement comes as AMP disclosed its full year results ... |
| | | | The investment manager recorded a marginal increase in statutory net profit after tax (NPAT) to $222.8 million, up $2.4 million on the previous corresponding period in its half-year results. On a normalised basis, NPAT dropped by 29% to $136.8 million ... |
| | | | Aberdeen Standard Investments (ASI) has announced a new chief executive to lead the Asia Pacific region. Rene Buehlmann has been named chief executive of APAC, effective 1 March 2021. Buehlmann will succeed Hugh Young, who is taking on a new role as ... |
| | | | The managing director of AMP Bank has left after a little over one year in the role. Rod Finch, who was appointed to the post in November 2019 shortly after AMP chief Francesco De Ferrari stepped in, has accepted a role as transformation director at ... |
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