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

Search Results

Showing 2971 - 2980 of 17956 results for "Bank"

Macquarie acquires US wealth manager

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... business, Waddell & Reed Financial Advisors, with US$63 billion in assets under administration. On completion, the investment bank will sell the wealth management business to US retail investment advisory firm LPL Financial Holdings for US$300 million ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... non-financial risks and have independent assurance over the implementation of the plan and report to APRA. In addition, the bank is required to assign accountabilities for delivery of the plan to named executives and board members and incorporate outcomes ...

Dealer service provider adds former MLC advice firm

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... include two former Financial Wisdom practices Lifepath Financial Planning and Parish Financial. It says three more former bank-aligned practices are set to join by year-end, with their AFSL-applications in progress. "Some institutions have voluntarily ...

Council of Financial Regulators monitors ASX, cybersecurity

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... endorsed a plan for cybersecurity. The Council of Financial Regulators, consisting of APRA, ASIC, Treasury and the Reserve Bank of Australia (RBA), met for its quarterly meeting and acknowledged member concern on market functioning and investor confidence ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... throughout the organisation. IIA chair Sandra Birkensleigh said after APRA's prudential inquiry into the Commonwealth Bank, it was clear that internal audits could play a role in governance structures. "In many instances audit reports were just ignored," ...

Alternative asset manager expands to APAC

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... portfolio management, trading and the European Credit Investments Group. He has also previously worked with Commonwealth Bank. Hayfin chief executive Tim Flynn said the firm is pleased to be bolstering its global client coverage. "We have always supplemented ...

NAB names RBS alumnus as chief operating officer

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
National Australia Bank has appointed its chief executive's former colleague as chief operating officer. Les Matheson will return to Australia after spending six years as chief executive, personal and business banking (UK and Ireland) at Royal Bank ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
The Reserve Bank of Australia (RBA) kept monetary policy unchanged at its December board meeting - the last of 2020 - and for good reason. "In Australia, the economic recovery is under way and recent data have generally been better than expected... ...

FPA appoints director

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
The Financial Planning Association of Australia (FPA) has appointed a former KPMG partner to its board and chair of the audit and risk committee. Diana D'Ambra has joined the board following the resignation of Paul Ruiz after serving nearly two years ...

HSBC wealth lead lands chief executive role

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... Nunn will become the group chief executive and executive director of Lloyds Banking Group, overseeing brands such as the Bank of Scotland, Schroders Personal Wealth and Scottish Widows. Incumbent Antonio Horta-Osorio will step down from the group after ...