Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2471 - 2480 of 17956 results for "Bank"

Perpetual acquires advice firm

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
Perpetual Private has acquired a boutique financial advice firm with over 1000 clients and $915 million of assets. Established in 2015, Jacaranda Financial Planning caters to the high-net-worth market with a team of nine advisers based in Sydney and ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... months to June, the group's underlying net profit after tax hit $181 million, buoyed by strong performances from AMP Bank and its stakes in Resolution Life and the China Pension Life Company. In the pre-Hayne Royal Commission days, AMP boasted a ...

State Street hires from Macquarie

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... Macquarie Securities. Elliot Graham will lead State Street's transition management in the role of managing director within the bank's portfolio solutions team. Graham joins from Macquarie, where he has been transition manager for more than five years. ...

Fortius, PGIM make $214m property acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... 19,617 square metres of lettable space spanning over 25 levels and is more than 93% occupied with tenants including Heritage Bank and Bank of China. Fortius chief executive Sam Sproats said his team considered the building a good opportunity in light ...

Netwealth hires head of investment solutions

JAMIE WILLIAMSON  |  WEDNESDAY, 11 AUG 2021
... skill set." Finnigan brings more than 20 years' experience in financial services, having held roles with Macquarie, ABN AMRO Bank, Alpha Structured Investments and Deutsche Asset Management. Prior to joining Nikko, Finnigan was director, distribution ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... aligned advice compensation issues, while $249 million relates to banking, wealth and other employee-related remediation. The bank is juggling a number or class actions. It is defending itself against four superannuation class actions that involves Colonial ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
The wealthiest families in the world have mastered the art of asset protection through generations, even in the face of unpredictable and unprecedented events like the current pandemic. This was the consensus during a recent panel discussion on integrated ...

Abrdn acquires robo-adviser

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
The Scottish wealth management firm is purchasing Exo Investing from Nucoro and will produce a digital wealth management app with AI capabilities. The acquisition will help Abrdn develop an industry-leading technology solution for investors powered ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
NAB's purchase of Citigroup's local consumer business includes Citi's roughly 4000 wealth clients. NAB will pay Citigroup cash for the net assets and a premium of $250 million. Citigroup's consumer banking business includes lending assets of $12.2 billion ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
The government yesterday passed changes to Corporations Act that loosens disclosure requirements for companies, while also introducing legislation to make virtual AGMs permanent. Under the amendment, companies and directors will be liable for continuous ...