Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 2772 results for "Westpac 16,500"

Liberman firm backs non-bank lender

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A Liberman family investment company has topped up its investment in a small bank lender. Josh Liberman Investment Group first invested in small-medium enterprise lender Lumi in November 2018 with a $31.5 million raise as a cornerstone investor. Lumi ...

Westpac hires consumer chief executive

ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
Westpac Group has appointed a former fintech chief executive to lead its consumer banking division. Chris de Bruin has over 24 years' experience in financial services and joins from Dubai-based fintech Deem where he has been chief executive for over ...

Macquarie director departs

ALLY SELBY  |  MONDAY, 21 SEP 2020
A Macquarie director has announced he will retire after more than a decade of service at the group, as he sets his eyes on other board positions that draw on his substantial experience in the industry. Michael Hawker will step down from the boards of ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of ...

Uniti ups bid to compete with First State Super

ALLY SELBY  |  TUESDAY, 15 SEP 2020
Telecommunications company Uniti Group has upped its bid for listed telco OptiComm, as it goes head to head with First State Super to take the company private. It comes as Uniti also secures a 19.5% stake in OptiComm shares though commitments from a ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
After underperforming its peers and receiving a red rating from the regulator, an $11 billion superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering ...

The fundies of tomorrow

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
The next wave of fund managers is ready to leave their textbooks behind and start investing with real money. And star stockpickers of today are offering their help to an interuniversity group. Traditionally, students undertaking a commerce or business ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
Just in time for the Southern Hemisphere spring season, latest surveys showed both business and consumer confidence in Australia springing back up. The NAB business confidence index improved to a reading of -8 points in August from -14 in the previous ...

Former QSuper chief joins NZ Super Fund board

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
The former QSuper chief and the current chair of Commonwealth Bank's staff superannuation fund has been appointed to the board of the $44 billion NZ Super Fund for a five-year term. Rosemary Vilgan will join the board of guardians for NZ Superannuation ...