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Showing 2421 - 2430 of 19574 results for "Ban"

Commonwealth Bank makes raft of new appointments

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
Eight people across institutional banking and markets have been promoted to the level of managing director at Commonwealth Bank. CBA's group executive of institutional banking and markets Andrew Hinchliff made the announcement in an internal meeting. ...

Franklin Templeton hires sales director

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
Franklin Templeton Australia has added a new sales director, overseeing independent financial advisers and private banks. Michael Bowen takes on the role, joining after a short stint with Investors Mutual as relationship manager, strategic groups. Bowen ...

US inflation wavers near a 40-year high

ANDREW MCKEAN  |  THURSDAY, 12 MAY 2022
The US inflation rate has fallen to 8.3%, but the Consumer Price Index continues to flirt with catastrophic 40-year highs. The index also revealed that costs had risen by a monthly rate of 0.3% in April after having risen 1.2% in March. This decline ...

US firm backs Koda Capital

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
The private wealth manager has sold a minority stake to Emigrant Partners as part of a broader strategy that will see Koda Capital make its own acquisitions. Emigrant Partners is now a minority strategic investor in the HNW firm, adding Koda Capital ...

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
Magellan Financial Group has named its new chief executive and managing director, hiring from the Future Fund. Currently deputy chief investment officer, public markets at Future Fund, David George will take on the top job at embattled Magellan from ...

Schroders private wealth sales lead in new role

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
The head of private wealth sales at Schroders Australia has departed, taking up a new role with an ASX-listed alternatives manager. After 11 years with the company, Chris Boyd has departed Schroders where he led private wealth sales since August 2021. ...

Bendigo and Adelaide Bank establishes new super trustee

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The trustee and issuer of Bendigo SmartStart Super and Bendigo SmartStart Pension has changed from Sandhurst to the newly created Bendigo Superannuation. Bendigo Super is a new subsidiary company of Bendigo and Adelaide Bank with the purpose of being ...

PIMCO selects new head of local business

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
PIMCO has announced Samuel Watkins as executive vice president and head of business for Australia and New Zealand. Watkins will have local oversight of business management functions and report to the head of Asia-Pacific Alec Kersman. In this role ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
Woolworths has terminated the $4 billion corporate super mandate it had with AMP, instead appointing Australian Retirement Trust to manage 30,000 employees' superannuation. In a Q1 2022 assets under management and cashflows update to investors ...