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Showing 11 - 20 of 29 results for "KordaMentha"

Blue Sky dissolves chief executive role

KANIKA SOOD | TUESDAY, 11 JUN 2019

... partners," the May 20 release said. "There is considerable work to be undertaken in the immediate future. Oaktree, KordaMentha and management are all united and committed to satisfying the business and its clients' immediate needs." Blue Sky had ...

Blue Sky enters receivership

KANIKA SOOD | MONDAY, 20 MAY 2019

... breached a term of its $50 million loan facility. Oaktree Capital Management has appointed restructuring specialist KordaMentha's Mark Korda and Jarrod Villani as the receivers and managers, and Pilot Partners' Bradley Hellen and Nigel Markey as voluntary ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD | WEDNESDAY, 10 APR 2019

... 2014. Commonwealth Bank has paid a further $2.3 million to 232 clients advised by five of its advisers, according to KordaMentha Forensic's fifth and final report. This takes CBA's total remediation bill in relation to the issues and other identified ...

CBA advice compensation bill balloons

KARREN VERGARA | WEDNESDAY, 24 JAN 2018

... to customers by the end of January 2018. This is ahead of the schedule agreed with ASIC," CBA said in a statement. KordaMentha Forensic was appointed by ASIC to assess the adequacy of CBA's 2012 review of potentially high-risk advisers and found 16 were ...

ASIC probe reveals 185 more CBA compo cases

KERRIE SYDEE | TUESDAY, 6 DEC 2016

KordaMentha Forensic's third report on the varied licence conditions imposed on Commonwealth Financial Planning and Financial Wisdom has revealed compensation has been offered to a further 185 cases. The report was required under the additional conditions ...

More CBA-aligned advisers under scrutiny

DARREN SNYDER | THURSDAY, 17 DEC 2015

... Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past activities by the two Commonwealth Bank (CBA) aligned advice businesses. The second report ...

Future Generation IPO raises $300m

LAURA MILLAN | THURSDAY, 10 SEP 2015

... Belinda Hutchinson said. Among the fund's first investors were the Smith Family, Peter Scanlon's Scanlon Foundation, the KordaMentha Partners consortium led by Mark Korda and David Winterbottom, and QBE Insurance, which invested $30 million. "FGG is ...

Report confirms failed CBA compensation

LAURA MILLAN | THURSDAY, 23 APR 2015

An independent report by forensics firm KordaMentha has confirmed that the advice divisions of Commonwealth Bank (CBA) failed to implement consistent compensation programs under the regulator's surveillance. Following the report, CBA will need to contact ...

ASIC to watch CBA advisers closely

LAURA MILLAN | FRIDAY, 14 NOV 2014

... compliance expert to examine the performance of advisers at Commonwealth Financial Planning and Financial Wisdom. KordaMentha Forensic will review past activities by Commonwealth Bank (CBA) advisers and will report to ASIC three times. The forensic expert ...

Charter Hall acquires Bankwest head office

LAURA MILLAN | WEDNESDAY, 19 JUN 2013

... $458 million and the sale was negotiated through CBRE and Jones Lang LaSalle. Charter Hall bought the properties from KordaMentha, which has been appointed liquidator of the former owner, Westgem Investments. The complex occupies an area of 61,564 square ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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