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Showing 261 - 270 of 1630 results for "Division 305"

TAL completes acquisition of Westpac Life

CASSANDRA BALDINI  |  MONDAY, 1 AUG 2022
TAL Dai-ichi Life Australia Pty Limited has completed its acquisition of Westpac's life insurance arm, almost one year after it was announced. From today all of Westpac's life insurance business and existing policies will transfer over to TAL Group. ...

SCA Property Group names operations, funds management lead

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
SCA Property Group chief financial officer and executive director Mark Fleming is shifting into the position of chief operating officer and head of funds management and strategy. Fleming, who has been with the company since 2015, will remain an executive ...

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 ...