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Yarra Capital acquires Nikko AM Australian business

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
... Nikko AM president and co-chief executive Hideo Abe said the partnership takes Nikko's commitment in Australia to the next stage. "We are confident that our investment in Yarra will be the catalyst to enhance the capabilities that Australian investors ...

State Street loses Fearless Girl replica claim

KANIKA SOOD  |  TUESDAY, 2 MAR 2021
... settled out of court at the time the orders were made. "It is too early to comment on the details of the judgment or any next steps. We are examining the judgment in detail before making any decision. We are disappointed that the Court has not recognised ...

Capgemini names new managing director

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
... innovation, growth, and talent inclusivity. "I am delighted to welcome Kaylene to Capgemini to lead our talented team into the next chapter of growth in Australia and New Zealand and help support our ambition in the Asia Pacific region to create a sustainable ...

Shock statistics on gender gap on boards

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... underlying structural changes to women's overall position in the workforce. I expect to see more labour market volatility over the next 12-24 months as the nation settles into a new post-COVID-19 employment environment. As the nation's recovery progresses ...

IOOF to spend big on BOLR

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... coming in within our expectations," Mota said. He said IOOF expects the bulk of its BOLR payments to be processed in the next 12 months. IOOF currently has about 1546 advisers and about $70 billion in funds under advice, which includes recent advice ...

CFOs gain clout in ESG metrics

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... new roles and operate effectively at breakthrough speeds could almost double their EBITDA CAGR from 3.8% to 6.9% over the next three years and increase their revenue CAGR from 2.7% to 3.0%," the firm said. In this elite group of chief financial officers ...

Chief economist update: Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
... its rate of decline over the past three months, the unemployment rate would hit the RBA's 2021 forecast of 6.0% in the next two months (March)... and that's despite the participation rate remaining at around 17-month highs - itself, a measure ...

VanEck readies new ETF

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... agreement, to which the US has re-committed. Biden has promised to spend US$2 trillion on clean energy projects over the next four years. Elsewhere around the globe, money is pouring into the sector to invest in renewable energy projects. "This is creating ...

Financial services eyes gig economy workers

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Up to 20% of the financial services sector will likely comprise gig economy employees over the next five years, a study from PwC shows. More than half (52%) of the 500 financial institutions surveyed expect to hire more gig-based employees, despite ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... create a $26 billion entity. "Our aim is to grow to $50 billion in funds and roughly double our membership to 300,000 in the next five years," Cameron said. "We're drawing on our track record of managing complex defined benefits and member transitions. ...