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Showing 11 - 20 of 100+ results for Karren Vergara

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
ASIC is making it easier for offshore market makers to work with ASX-listed and Chi-X listed ETFs. The corporate regulator has amended Class Order 13/721 [CO 13/721] to remove the requirement that an authorised participant must be an Australian resident ...

J.P. Morgan AM acquires forestry manager

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
J.P. Morgan Asset Management has acquired a forest management and timberland investing firm in a bid to actively participate in carbon offset markets. BrightSphere Investment Group has sold its 75% stake in Campbell Global to J.P. Morgan AM for an undisclosed ...

Advisers turn to ETFs during COVID

KARREN VERGARA  |  MONDAY, 21 JUN 2021
Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification. AUSIEX research found that before COVID-19, one ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers. AFA acting chief executive Phil Anderson is calling for an end to the "persecution" ...

ME Bank acquisition receives green light

KARREN VERGARA  |  MONDAY, 21 JUN 2021
The federal government has approved the Bank of Queensland's acquisition of ME Bank, which was formerly owned by industry superannuation funds. ME Bank will officially become part of the BOQ group. The two firms said they will continue to operate ...

AFCA names human resources lead from ME Bank

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The Australian Financial Complaints Authority (AFCA) has appointed a human resources lead, who is currently an executive at ME Bank. Paul Kearney joins AFCA as executive general manager of people and culture on July 5. Kearney has been ME Bank's general ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the ...

Lifespan appoints investment expert

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
Lifespan Financial Planning has appointed an industry veteran to its investment committee who will also oversee the dealer group's managed accounts offering. Brian Long joins Lifespan as senior investment specialist for managed accounts. He also takes ...

Verve Super launches gender diversity index

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
Verve Super has launched a gender diversity index and will subsequently change how it allocates members' funds based on how Australian companies perform against the index. The Verve Gender Equality Index selects public Australian companies that ...

Aussie PE, VC assets hit milestone

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
Australian private equity and venture capital firms' assets reached a record high of $18.4 billion (US$14bn), according to new research. The Alternative Assets in Asia-Pacific report compiled by Preqin saw a 20% jump in the total capital raised ...