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Showing 261 - 270 of 376 results for "divestment"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...

Royal Commission to drive independent advice market: GlobalData

KANIKA SOOD  |  MONDAY, 30 APR 2018
... a relentless path of horizontal and vertical consolidation, is about to get a strong push towards fragmentation and divestment," Hoevel said. Australia's wealth giants advise on products like superannuation and insurance, that they also sell themselves. ...

ANU to recalibrate divestment policy

ALEX DUNNIN  |  FRIDAY, 27 APR 2018
... of the first university investment funds in Australia to divest from the fossil fuels sector. It first announced its divestment strategy in 2013. The divestment saw them sell down $16 million of their shareholdings in Santos, Oil Search, Iluka Resources ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
... the same period, ANZ endured considerable speculation as to the future of its wealth business. It culminated in the divestment of four aligned dealer groups, representing 717 advisers, to IOOF. Connect Financial Service Brokers chief executive Paul Tynan ...

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
... disruption to our customers during the transition." The "simplification" George mentioned refers to ANZ's previous divestment of its OnePath pension and investments business, along with four aligned dealer groups, to IOOF, as announced in October. IOOF ...

CountPlus appoints CFO after executive search

ALEX BURKE  |  THURSDAY, 23 NOV 2017
After former chief financial officer John Collier resigned from CountPlus in August, the accounting and wealth firm has confirmed his replacement. Laurent Toussaint will join CountPlus in January; acting chief financial officer will operate in the role ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
... enormity of the task. But ultimately the goal of it is to give your investors confidence." Finally, referencing Westpac's divestment from BTIM, Gonzalez said that it's been business as usual. "Westpac has always been very supportive as a shareholder. ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... get through it as a cyclical thing but now they realise it's quite fundamental," Medcraft said. He said following the divestment of funds management, wealth management and insurance businesses the banks will face several challenges. "The big challenge ...

Countplus flags divestments, appoints two principals

ALEX BURKE  |  TUESDAY, 10 OCT 2017
Countplus provided an update on its divestments in underlying member firms at the same time as appointing two new managing principals. The ASX-listed diversified wealth management group noted that a member firm, Twomeys, underwent a restructure with ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... expected to be received by CBA, subject to the timing of completion, business performance and regulatory approvals. The divestment is anticipated to release about $3 billion of common equity tier 1 capital and result in a pro forma uplift to the banking ...