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| | | The Australian government has confirmed its economic measures against Russia in response to its invasion of Ukraine. So far Australia has sanctioned more than 350 Russian individuals, including oligarchs, members of Russian parliament and military commanders. ... |
| | | | The Financial Services Council added the recently appointed chief executive of Challenger to its board. Nick Hamilton joins colleague Michelle Taylor, Challenger chief executive for people, corporate affairs and strategy, who was nominated to the board ... |
| | | | Brisbane Lawyer Scott Hay-Bartlem has been named chair of the SMSF Association. Hay-Bartlem, a partner at Brisbane law firm Cooper Grace Ward, has been a director for the organisation since July 2019, and will replace Andrew Hamilton who is stepping ... |
| | | | MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ... |
| | | | Hostplus introduced a new trustee fee, after receiving Supreme Court approval to apply the fee to create emergency reserves. The amount will vary based on members' balances, but a Hostplus member with $50,000 in savings can expect to be charged an extra ... |
| | | | The House Economics Committee is going to examine the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ... |
| | | | Australian owned wealth and asset manager Real Asset Management (RAM) has appointed Matthew Strotton as head of funds management for its real estate division. Strotton has more than 25 years' real estate experience in global markets across capital transactions ... |
| | | | Westpac Group announced a restructure and shuffling of its executive lineup, in a move to reduce costs and simplify the bank. Westpac is creating a smaller head office and reducing the size of corporate functions by 20% as part of a larger plan to reduce ... |
| | | | Legg Mason's former regional and country head has taken on an executive role at a US$575 billion US-based asset manager. Allspring Global Investments, which recently rebranded from Wells Fargo Asset Management, hired Andy Sowerby as managing director ... |
| | | | A global wealth management group based in the UK has discussed plans to expand into Australia, with a keen focus on Sydney. Scotland's Gladstone Global Advisory intends to expand its wealth management operations, concentrated on Sydney, Kuala Lumpur ... |
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