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Showing 291 - 300 of 2858 results for "Division"

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
Perpetual's asset management business failed to stem outflows before the financial year end, which saw $8.9 billion of investor money exit its six boutiques. Former investors of Pendal Asset Management drove the exodus, walking away with a whopping ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... of the Construction, Forestry and Maritime Employees Union (CFMEU) was placed in administration after its construction division was accused of corruption. Now, the board composition of both Cbus and BUSSQ, funds catering to the construction industry ...

Perpetual global head of distribution exits

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
... following its acquisition of Pendal when Perpetual merged its regional asset management businesses to form one global division led by Rob Adams as chief executive. At that time he also joined the group executive committee. Perpetual hired the former ...

Clime names acting managing director

ELIZA BAVIN  |  WEDNESDAY, 17 JUL 2024
Clime Investment Management has appointed Michael Baragwanath as acting managing director after Annick Donat stepped down from her role as chief executive earlier this month. Donat will leave the business on July 31 but Baragwanath will take on his ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
Qantas Super is poised to merge with $300 billion industry fund Australian Retirement Trust (ART). Subject to final assessments of members' best financial interests and equivalency rights, the merger would see Qantas Super's $9 billion in funds ...

'Growing revenues, not AUM, is the new name of the game': ISS

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
... distribution partners or even their direct competitors." Financial Standard is a part of Rainmaker Group's media division, which is owned by ISS.

GAM launches alternative investments unit

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... officer until 2014 when the business was sold to the Fortress Investment Group. He was also co-head of the Risk Arbitrage division at Banque Paribas in London and an associate at Goldman Sachs in New York. As co-heads, Saporta and Freeman will build ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2024
... billion in assets. The median account balance is $17,326 and the median member age is 30. This includes the Verve Super division.

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... of the Superannuation Industry Act, which relates to how super funds charge for financial product advice to members. "Division 1 of this Part repeals and replaces section 99FA of the SIS Act to provide greater clarity to superannuation trustees on their ...

Sequoia professional services lead exits, restructures business

KARREN VERGARA  |  THURSDAY, 4 JUL 2024
Sequoia Financial Group's head of professional services, who worked with a group that attempted to overthrow the current leadership, has left the firm as part of an executive and structural shake-up. Brent Jones was appointed as head of Sequoia's professional ...