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Showing 291 - 300 of 1883 results for "Wen"

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
The corporate regulator obtained interim orders from the Federal Court to freeze the assets of Sasha Hopkins and two of his companies, alleging he was misleading clients and running a financial service business without a licence. ASIC alleges that Hopkins ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

Former van Eyk chief executive pleads guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUN 2022
Almost eight years on from the research house's collapse, Mark Thomas has pleaded guilty to using his position within the firm to his own advantage, namely so that he could maintain control of the company. Thomas, van Eyk's former chief executive and ...

Mercy Super awards group insurance mandate

CHLOE WALKER  |  WEDNESDAY, 1 JUN 2022
Mercy Super has appointed a new group insurer, with the mandate effective August 1. Following a competitive tender process, Zurich has been mandated to provide cover to the $1.5 billion fund's 13,000 members. In naming Zurich as its insurance partner ...

AMP establishes AMP Investments

JAMIE WILLIAMSON  |  TUESDAY, 31 MAY 2022
With the transfer of the AMP Capital multi-asset group into its wealth management business now complete, AMP has created AMP Investments. Run by chief investment officer Anna Shelley, AMP Investments oversees $84.7 billion in assets which includes funds ...

AGL abandons demerger, leadership resigns

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
Following shareholder opposition underscored by ESG concerns, AGL will no longer pursue a demerger; a move that sees the departure of its chief executive Graeme Hunt and chair Peter Botten. Today, AGL board of directors announced the company would withdraw ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
ANZ has acknowledged the civil penalty proceedings launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ...

Just 14.8% of hedge fund leaders are female: Report

CASSANDRA BALDINI  |  THURSDAY, 26 MAY 2022
A report released by IG Prime shows only 14.8% of senior hedge fund management roles in Australia are going to women. Despite the low number, the research highlights the Australian market had higher performance in the past 12 months, and the past five ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
Liberal senator Andrew Bragg has pulled no punches in a recently released policy manifesto titled The basis of a fair society is a strong economy, once again calling for superannuation to be voluntary for those on low incomes. "Superannuation is a significant ...

Tesla axed from the S&P 500 ESG index

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
Tesla has been booted from the S&P 500 ESG index due to its low S&P Dow Jones Indices (DJI) ESG score. In an S&P DJI ideology blog, North American head of ESG indices Margaret Dorn said that Tesla had fallen into the bottom 25% of its industry group ...