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Showing 251 - 260 of 2378 results for "merger"

ART executive takes lead super role at Insignia

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After announcing his departure from Australian Retirement Trust (ART) yesterday, Dave Woodall has been named chief executive of superannuation at Insignia Financial. Earlier this month, Insignia Financial announced an overhaul of its leadership team. ...

Treasury releases M&A draft reforms

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
Treasury has released a draft of the intended reforms to Australian merger and acquisitions (M&A) processes. The reforms were flagged by the government back in April, in which it said the new rules would promote competition, protect consumers, and provide ...

Remediation professionals told to temper expectations

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
Remediation projects winding up at major firms has created a lot of competition in the job market for wealth compliance and risk candidates, according to a recent Kaizen Recruitment report. The past financial year has seen considerable changes in the ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... outflows in cash (cyclical, low margin) and Australian equities, driven by manager rationalisation following a super fund merger and outflows from lower margin former Westpac AUM." Despite the outflows, 66% of strategies outperformed over a three-year ...

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... large-scale housing investments across Australia. The new company, backed by the industry super fund giants, was born from the merger of affordable housing investment manager Super Housing Partnerships and home developer Assemble, with the latter retaining ...

Brighter Super posts 9.07% returns for its default option

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... Super chief executive Kate Farrar said the strong returns show Brighter Super continues to deliver the benefits of the merger of LGIAsuper and Energy Super and the acquisition of Suncorp Super to members. "The mergers allowed us to pick the best possible ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... Retirement Trust (ART). Subject to final assessments of members' best financial interests and equivalency rights, the merger would see Qantas Super's $9 billion in funds under management (FUM) and 26,000 members transfer to ART. Qantas Super ...

Spirit Super finds a new custodian

ANDREW MCKEAN  |  TUESDAY, 16 JUL 2024
Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing. The $30 billion industry fund, which has over 350,000 members, will now receive global custody and ...

TelstraSuper pumps more into renewables

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2024
... electrolysers, which also has backing from Clean Energy Finance Corporation and Hostplus. TelstraSuper is currently exploring merger opportunities, with its board saying the fund should embrace a new identity that is separate to the Telstra Group, given ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
... Super as a member and chair. "She oversaw the growth of the Mercer Super Trust (MST), including last year's successful merger of BT Super into the MST," he said. Minto joined the board in April 2021 and has 45 years' experience in financial services ...