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Showing 2571 - 2580 of 7101 results for "June 2011"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...

Research expert joins Fidelity

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
Fidelity International announced the former head of Australian research at T. Rowe Price will join the $422 billion investment manager. As the new director of research, Sydney-based Viral Patel will be responsible for a team of 10 analysts. He starts ...

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
Latest ATO figures show self-managed super funds' interest in limited recourse borrowing arrangements (LRBA) and residential property assets have skyrocketed in the last five years. December 2017 quarterly data shows the sector held $31.4 billion in ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

Nick Bolton back on ASIC radar

ALEX BURKE  |  MONDAY, 30 APR 2018
The former head of Keybridge Capital, whom ASIC banned from running a company in 2015, is being investigated by the regulator for allegedly acting as a "shadow director" of the company. Nick Bolton was previously Keybridge's managing director. He shot ...

Funds SA fills two senior investment roles

KANIKA SOOD  |  FRIDAY, 27 APR 2018
A $30 billion public sector fund manager has made two appointments in senior investment roles. Matthew Kempton joined Funds SA in February as director, equities. He left his role as chief investment officer at ESSSuper, where he worked from 2013 until ...

Chief economist update: Inflation remains in the slow lane

BENJAMIN ONG  |  THURSDAY, 26 APR 2018
The financial markets' response to the Australian Bureau of Statistics' Consumer Price Index report was a big "HO-HUM." With the report released a day before ANZAC Day, the response could have been because market players' thoughts were on something ...

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
The former chief executive of ANZ-aligned RI Advice told the Royal Commission the group took "too long to act" on adviser misconduct. Darren Whereat discussed the case study of former RI Advice authorised representative John Doyle with Senior Counsel ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million. Speaking to Financial Standard, Powerwrap chief executive Will Davidson said the platform sought the backing of existing institutional investors to raise ...