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Showing 261 - 270 of 1628 results for "Division 296"

ANZ, Suncorp deal cops industry backlash

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
ANZ's proposed takeover of Suncorp's banking division has generated varying industry speculation. The Australian Competition and Consumer Commission (ACCC) has raised concerns around the deal and announced plans to commence a review of the acquisition ...

Diverger takes stake in McGregor Wealth Management

CHLOE WALKER  |  MONDAY, 4 JUL 2022
The financial services company has acquired a 35% equity interest in financial planning practice McGregor Wealth Management (MWM). The purchase was made through Diverger Wealth Holdings. McGregor is licensed by GPS Wealth, which is also a wholly-owned ...

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
In the US, UBS Financial Services has agreed to pay US$25 million to settle fraud charges related to a complex options trading strategy it sold to investors without adequately educating their financial advisers on the product's risks. The Yield Enhancement ...

TIP Group appoints senior executives

CHLOE WALKER  |  THURSDAY, 30 JUN 2022
Teaminvest Private Group (TIP) has appointed Timothy Wong as its new head of TIP Equity and Michael Baragwanath as its new head of wealth. Effective July 1, Wong will be running the firm's private equity division and Baragwanath will oversee the group's ...

Cbus snares head of debt from Perpetual

ELIZABETH FRY  |  WEDNESDAY, 15 JUN 2022
Cbus Super has appointed Anne Moal as its first head of direct debt and illiquid credit as the $73.5 billion fund's debt portfolio hits over $1 billion. Reporting to head of debt and alternatives Linda Cunningham, Moal will have primary responsibility ...

Queen's honours highlight industry veterans, ESG experts

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
Several well-known names in the financial services industry, past and present, were recognised in this year's Queen's Birthday honours. Awarded in the General Division of the Order of Australia was former Superannuation Trust of Australia (STA) and ...

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
Commonwealth Bank and Westpac economists have predicted the Reserve Bank of Australia (RBA) to bump up official rates to 1.35% when it next meets in July; NAB and ANZ believe there will be another double hike in the next two months. Quickly following ...

BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
BNY Mellon Investment Adviser will pay US$1.5 million to settle charges brought by the Securities and Exchange Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it ...

Mitsui, Nomura to acquire New Forests

CHLOE WALKER  |  MONDAY, 23 MAY 2022
The global investment manager of nature-based real assets and natural capital strategies has announced Mitsui & Co (Mitsui) and Nomura Holdings (Nomura) have entered into an agreement to purchase 100% of the company. The joint venture, which is subject ...

Challenger restructures for growth

JAMIE WILLIAMSON  |  THURSDAY, 19 MAY 2022
Challenger is restructuring as part of a broader strategy to reach more customers, in a plan that will see the departure of the current chief executive of its life division. The group is creating a new 'Customer' division which will comprise ...