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Showing 2401 - 2410 of 8182 results for "Institutional"

Forrests donate $655m to foundation

KANIKA SOOD  |  MONDAY, 6 MAY 2019
Mining magnate Andrew Forrest and wife Nicola have donated $655 million to their philanthropic foundation. Minderoo Foundation now has more than $1.5 billion in total donations from the couple and has supported 280 projects globally since its 2001 inception. ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... changes the bank has already made to cut costs, saying: "Our track record, simplifying New Zealand, transforming Institutional and the hard decision of selling 23 businesses demonstrates our capability, determination and willingness to act." A spokesperson ...

QIC eyes internet infrastructure company

KANIKA SOOD  |  MONDAY, 6 MAY 2019
The $85 billion manager made an indicative proposal to acquire an ASX-listed internet infrastructure company. Superloop granted QIC an exclusive due diligence period of three weeks starting April 28, after receiving an indicative offer on April 2 for ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... cash earnings were slimmer by 6% after customer provisions, and came at just over $1 billion for the first half. Institutional bank earnings were down 2% over 1H18 to $543 million as financial markets revenue fell, and the division incurred an impairment ...

Name and shame super sectors: AIST

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
The Australian Institute of Superannuation Trustees wants Australian Financial Complaints Authority to report which superannuation sectors are most complained about. In a submission to AFCA's consultation paper on proposed arrangements for comparative ...

GSFM announces strategic partnership

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... network in the region. Cambridge Global Asset Management manages over US$20 billion in assets on behalf of retail and institutional clients across multiple asset classes and is led by Brandon Snow, Robert Swanson, Stephen Groff and Greg Dean. The Cambridge ...

Industry fund awards group insurance mandate

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
A $51 billion superannuation fund has awarded a group insurance mandate to TAL, ending a 15-year relationship with AIA Australia. Rest entered a Memorandum of Understanding with TAL to provide life insurance from 1 December 2019. TAL will replace AIA ...

Bravura raises $165m for GBST bid

KANIKA SOOD  |  FRIDAY, 3 MAY 2019
Bravura Solutions has raised $165 million as it circles financial administration services competitor GBST. Macquarie has underwritten the placement at $5.75 per share for 28.7 million shares to raise the $165 million. This represents a discount of 7.9% ...

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...

Super fund awards $100m debt mandate

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... to see the benefits that this partnership with Brandywine Global will bring," she added. Legg Mason director of institutional business Colin Taylor said the fund has been able to achieve its results for investors by focussing on assets that are mispriced ...