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| | | After announcing his departure from Australian Retirement Trust (ART) yesterday, Dave Woodall has been named chief executive of superannuation at Insignia Financial. Earlier this month, Insignia Financial announced an overhaul of its leadership team. ... |
| | | | Treasury has released a draft of the intended reforms to Australian merger and acquisitions (M&A) processes. The reforms were flagged by the government back in April, in which it said the new rules would promote competition, protect consumers, and provide ... |
| | | | Remediation projects winding up at major firms has created a lot of competition in the job market for wealth compliance and risk candidates, according to a recent Kaizen Recruitment report. The past financial year has seen considerable changes in the ... |
| | | | 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 ... |
| | | | AustralianSuper and HESTA have taken a majority stake in a new housing company that seeks to provide institutional investors stable, long-term returns through large-scale housing investments across Australia. The new company, backed by the industry ... |
| | | | Perpetual has streamlined its distribution team, in a move that sees the departure of three senior executives including the global heads of distribution and product. The asset manager confirmed Adam Quaife and Matthew Cahill have left their roles as ... |
| | | | Brighter Super announced double-digit returns in its Balanced and Growth accumulation options and 9.07% for its default MySuper option. The Balanced accumulation option returned 10.57% and the Growth accumulation option delivered 11.91%, for the year ... |
| | | | 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 ... |
| | | | Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing. The $30 billion industry fund, which has over 350,000 members, will now receive global custody and ... |
| | | | ... scale going forward. The fund said it will not rush into any decisions, but if a suitable partner is found it will look to merge in late 2025. |
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