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Showing 251 - 260 of 364 results for "divestment"

ANU to recalibrate divestment policy

ALEX DUNNIN  |  FRIDAY, 27 APR 2018
... of the first university investment funds in Australia to divest from the fossil fuels sector. It first announced its divestment strategy in 2013. The divestment saw them sell down $16 million of their shareholdings in Santos, Oil Search, Iluka Resources ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
... the same period, ANZ endured considerable speculation as to the future of its wealth business. It culminated in the divestment of four aligned dealer groups, representing 717 advisers, to IOOF. Connect Financial Service Brokers chief executive Paul Tynan ...

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
... disruption to our customers during the transition." The "simplification" George mentioned refers to ANZ's previous divestment of its OnePath pension and investments business, along with four aligned dealer groups, to IOOF, as announced in October. IOOF ...

CountPlus appoints CFO after executive search

ALEX BURKE  |  THURSDAY, 23 NOV 2017
After former chief financial officer John Collier resigned from CountPlus in August, the accounting and wealth firm has confirmed his replacement. Laurent Toussaint will join CountPlus in January; acting chief financial officer will operate in the role ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
... enormity of the task. But ultimately the goal of it is to give your investors confidence." Finally, referencing Westpac's divestment from BTIM, Gonzalez said that it's been business as usual. "Westpac has always been very supportive as a shareholder. ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... get through it as a cyclical thing but now they realise it's quite fundamental," Medcraft said. He said following the divestment of funds management, wealth management and insurance businesses the banks will face several challenges. "The big challenge ...

Countplus flags divestments, appoints two principals

ALEX BURKE  |  TUESDAY, 10 OCT 2017
Countplus provided an update on its divestments in underlying member firms at the same time as appointing two new managing principals. The ASX-listed diversified wealth management group noted that a member firm, Twomeys, underwent a restructure with ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... expected to be received by CBA, subject to the timing of completion, business performance and regulatory approvals. The divestment is anticipated to release about $3 billion of common equity tier 1 capital and result in a pro forma uplift to the banking ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... channels," CBA said the outcome of these discussions is currently uncertain. The discussions could result in a total divestment of the business, but "a full range of alternatives" would also be considered, including retaining CommInsure or implementing ...