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Amazon Web Services expands Australian operations

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
Amazon Web Services (AWS) will open a second infrastructure region in Australia next year, assisting the financial services industry to run applications and serve end users from data centres around the country. The AWS Asia Pacific (Melbourne) Region ...

Longstanding CDPQ executive resigns

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
... positions at the pension fund, having been named the new co-chair of The Carlyle Group's infrastructure group, commencing early next year. He will remain in office at CDPQ until the end of 2020. Commenting on his resignation, Tall said he is honoured ...

LaSalle appoints new APAC chief

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... transition and observing the progress in the years ahead," he said. Gabbay said he is honoured and excited to become the next chief executive. "Our global platform, singular real estate focus and investment expertise around the world is unparalleled ...

AllianceBernstein Australia eyes ETFs

KANIKA SOOD  |  MONDAY, 7 DEC 2020
... US manager is readying its well-performing $1.2 billion AB Managed Volatility Equities fund for an active ETF debut early next year. The Roy Maslen-managed fund has delivered 9.38% p.a. over five years and -1.59% in the last 12 months. It is was the ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
... can manage the advisers and have quite a bit of oversight... From that perspective, we thought a dealer group was a natural next step," Lyon told Financial Standard. So far, IIP Dealer Group has signed about five financial advisers and is conducting ...

CBA private office head joins Mutual Trust

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... subject matter expertise that goes beyond a strong investment culture will be key, especially as wealth is transitioned to the next generation in the decade ahead," he said.

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... president-elect Joe Biden's reported call for mask wearing couldn't come soon enough (not until he is sworn in on January 20 next year). In the meantime, the multiplying number of infections is putting a brake on consumer spending, that's ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... economic activity. "I believe we can get back to the inflation target and acceptably low unemployment rates, some time over the next half decade," Lowe said. "I'm not confident we are going to be able to do it tomorrow, but we can do it over time if ...

Pinnacle executive director steps back

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... Management's Adrian Whittingham is transitioning to a part-time role, with the view of becoming a non-executive director late next year. He requested the change to part-time, the firm said in ASX filings. He will continue to be a director of PNI, its ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... and recent data have generally been better than expected... In the central scenario, GDP is expected to grow by around 5% next year and 4% over 2022," the RBA said. The Australian central bank's optimism was almost immediately backed up by the 'OECD ...