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Showing 2491 - 2500 of 8182 results for "Institutional"

IFM Investors to open new Europe office

KANIKA SOOD  |  TUESDAY, 26 MAR 2019
... area. The funds management business recently crossed $120 billion in funds under management and has a base of 350 institutional investors from 17 countries, including pension funds, mutual insurers, charities and endowments and a small amount of sovereign ...

NAB ends introducer payments

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
National Australia Bank will no longer make referral payments to introducers. NAB chief executive Philip Chronican said ending "introducer" payments was part of NAB's ongoing efforts to be a better bank following the Royal Commission. He said: "Through ...

Rest appoints two group executives

KARREN VERGARA  |  MONDAY, 25 MAR 2019
... technology and consultancy firm WiPro. Prior to that, Daly was head of product and operations at NAB's corporate and institutional wealth division, and worked in senior roles at MLC. The new hires are among several executive changes at the $50 billion ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
The Federal Government is committing an extra half a billion dollars to Australia's financial services regulators. Over the weekend, Treasurer Josh Frydenberg announced an extra $550 million would be dedicated to ASIC and APRA in the upcoming Federal ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... create a diversified portfolio of fixed income assets because some of them are typically issued into wholesale or institutional markets," Mr Korber added. Perpetual Trust Services Limited is the responsible entity for the fund and Perpetual Investments ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A full-service stockbroking and wealth management firm with over 60,000 active clients has had additional licence conditions lifted. Morgans Financial had the conditions imposed in November 2016. ASIC has now removed the conditions as at March 19. The ...

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
The Financial Services Institute of Australasia entered into an agreement to introduce an ethics test for Australian bankers and securities markets professionals. The test has been developed in partnership with the Chartered Institute for Securities ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Australian employment figures and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses. Westpac has announced it is exiting personal financial advice. Commonwealth Bank ...

Barefoot Investor boosts Rest indexed options demand

KARREN VERGARA  |  FRIDAY, 22 MAR 2019
Rest is seeing an uptake to its recently launched low-cost indexed options thanks to the Barefoot Investor. Rest chief executive Vicki Doyle says since launching three indexed options last December, the influence of Barefoot Investor Scott Pape in simplifying ...

Rainmaker Group acquires Money magazine

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Rainmaker Group has acquired Money magazine from Bauer Media. Rainmaker Group confirmed today its transaction with Bauer to acquire the iconic Australian title is complete. Money will become Rainmaker's key consumer title under its media division ...