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Credit Suisse appoints former BlackRock MD

MATT WOODINGTON  |  TUESDAY, 28 JUN 2011
Will Britten, the former managing director of BlackRock Australia, joined Credit Suisse yesterday, as its new managing director and head of asset management in Australia. The appointment signals Credit Suisse's intention to become a more influential ...

Landmark case against board duty failure

ELISE BURGESS  |  TUESDAY, 28 JUN 2011
ASIC's case could set a precedent with which all Australian board behaviour, responsibilities and financial obligations can be compared. The Federal Court has made a landmark decision in the case against eight directors and former executives of Centro ...

Minister faces down advisers over opt-in, risk

ALISON BEVEGE  |  TUESDAY, 28 JUN 2011
Financial Services Minister Bill Shorten yesterday faced financial advisers upset over two planks of the Future of Financial Advice reforms, answering questions but firmly rejecting criticisms. The tension was palpable at the Association of Financial ...

Market Wrap - Morning

AAP  |  MONDAY, 27 JUN 2011
The Australian share market is expected to open around one per cent lower today after US stocks fell due to fresh concerns about the financial stability of the eurozone. At 0629 AEST, the September share price index futures contract was down 41 points ...

Big Benny and little Greece

BENJAMIN ONG  |  FRIDAY, 24 JUN 2011
Fresh events and reports released overnight really did not add to what we already know. We already know that Greece will be bailed out for a default because its exit from the Eurozone would trigger a game of "who's next?" Small and insignificant Greece ...

Perpetual transitions team around Sevior

ELISE BURGESS  |  THURSDAY, 23 JUN 2011
Soon-to-depart star fund manager, John Sevior, may not return to his original role but instead could explore new boutique fund options within the Perpetual organisation, upon his anticipated return from long service leave. Sevior, who manages 33% of ...

All clear for a bail

BENJAMIN ONG  |  WEDNESDAY, 22 JUN 2011
... public servants, a freeze in government hiring and for those who still have jobs - a 'crisis levy' on their wages. Yeouch! And yes, there would be a garage sale of Greek assets too. Let's hear a bid for the Parthenon, going, going. Now the financial ...

PIF Action Group lands Federal Court win

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
The Federal Court has sided with the Premium Income Fund Action Group (PIFAG) against Brisbane-based Wellington Capital Limited, finding Wellington breached corporations law in its role as management and trustee for the Premium Income Fund. Yesterday ...

Market Wrap - Midday

AAP  |  TUESDAY, 21 JUN 2011
Australian stocks are holding on to early gains at midday, on the back of strong rises in the materials and energy sectors. At 1219 AEST, the benchmark S&P/ASX200 index was up 42.8 points, or 0.96 per cent, at 4,494.5, while the broader All Ordinaries ...

European authorities will blink

BENJAMIN ONG  |  TUESDAY, 21 JUN 2011
It's got the euro in its hands. It's got the whole world in its hands. There's some semblance of relative calm on financial markets overnight. Wall Street reversed early losses and closed higher. European stocks still ended in the red but on lower negatives ...