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Showing 2741 - 2750 of 10366 results for "Trust"

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

New RE mandate for Equity Trustees

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Equity Trustees has been appointed as a responsible entity for a wealth manager launching a new offering in Australia. Haven Wealth Partners has appointed Equity Trustees as it launches its first fund in Australia. The Haven Wealth Partners Ethical ...

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Liberal MP Tim Wilson has grilled National Australia Bank chief executive Ross McEwan on whether super funds have undue influence over Australian banks, as funds own larger portions of the ASX. Wilson asked NAB whether super funds, as shareholders ...

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... Tyree said State Street is "the ideal partner - a firm that shares our core values of unmatched client service, integrity, trust, and a long-term commitment to sustainability". "We made this decision after careful consideration of the current and future ...

HESTA chief joins ICGN board

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
... more than $79 trillion. Both Blakey and Jones join directors Seiji Kawazoe, a senior stewardship office at Sumitomo Mitsui Trust Asset Management in Tokyo and Luz Rodriguez, a corporate governance professional at the Colorado Public Employees Retirement ...

MLC bolsters private equity team

ANNABELLE DICKSON  |  TUESDAY, 7 SEP 2021
... associate. She was a private equity associate at AMERRA Capital Management and previously worked at UAW Medical Benefit Trust. Ashini Ganesalingam also joined as a senior associate. She was previously a senior associate in private equity investment research ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
The draft legislation on superannuation portfolio holdings disclosure is not in the best financial interests of members and only stands to serve rival fund managers to whom the reforms don't apply, according to AustralianSuper. In its submission to ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
Last year many superannuation funds revalued their unlisted assets during lockdowns. Now APRA says most of their policies were deficient. Super funds took different approaches to the revaluations. For example, at Cbus the board devalued unlisted assets ...

Aussie neobank partners with crypto exchange

ELIZABETH MCARTHUR  |  MONDAY, 6 SEP 2021
... allowing customers a real-time trading experience with greater security. As a result, instead of depositing into BTC Markets trust accounts, BTC Markets customers will use their own Volt accounts embedded within the BTC platform. "We are excited to team ...

Northern Trust appoints local head

KARREN VERGARA  |  MONDAY, 6 SEP 2021
Northern Trust has named a new Australia and New Zealand lead, replacing Angelo Calvitto who recently became the head of Asia Pacific. From October 1, Leon Stavrou will be the new head of the Australia and New Zealand business. He was most recently ...